The Berlin investors Samwer brothers want to use the stock market hype in the online industry in order to expand its holding Rocket Internet into a real business. You reckon on its IPO with share revenue of 1.6 billion euros.
“Rocket wants the Alibaba for the world outside of the United States and China are” said company founder and CEO Oliver Samwer at the presentation of the planned IPO on Wednesday in Frankfurt. “The best time of Rocket will come.” The Chinese Internet retailer Alibaba had put in the previous week with 25 billion euros of the largest IPO ever. Also at Rocket Internet, investors are hungry for the shares.
Using the expected net proceeds of 1.6 billion euros Rocket Internet wants to keep the future financially and operationally the threads in its active mainly in emerging markets companies in the Hand . So far, Rocket’ve always have shares in his newly founded companies sell quickly to other investors, “because we did not have the sufficient capital”. At the eleven most important investments – from fashion retailers Dafiti and Lamoda to the furniture dealers Home24 and Westwing – keeps Rocket yet only 21-49 percent
In the future, would Rocket invest in the company through the start-up funding out, and the majority. keep long-term. Sold or – the online fashion retailer Zalando like – distributed to the private investors, would in future only companies that can not count to the core business. IPOs of other investments but did not rule out Samwer. “It may be that some of our larger companies might also listed over time.” The next IPO candidates from the portfolio of Rocket Westwing and Home24 apply.
investors access to
In the blue shirt and no tie, one hand casually in his pocket, spoke of the 41-year-old Oliver Samwer 45 minutes about his plans. The lawyer son of Cologne and his brothers Marc and Alexander Copy proven business models for Internet companies and transfer it to countries like Russia, Brazil or Nigeria, where online trading is still in its infancy. “Our business model allows unusually high yields”, Samwer said. Rocket have made investments of 169 million euro 4.2 billion euros. However, the company founded by the Samwers write other than Zalando Alibaba and even some large losses.
The planned for 9 October IPO Rocket Internet is rated at up to 6.7 billion euros. The success of the Chinese online retailer Alibaba on the New York Stock Exchange has triggered an Internet-euphoria in global stock markets. Also at Rocket Internet access to the investors: Already more than an hour after the start of the subscription period already included the investment banker contracts worth over 900 million euros. Together with the nearly 600 million euros, which had several anchor investors already reserved regardless of price, the order book is thus already filled.
- The top facts from the prospectus of Rocket Internet
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– All 20 important young company under the Rocket roof wrote last year losses .
– The most valuable startup among the holdings of Rocket Internet is considered active in South America fashion retailer Dafiti . He is in total valued at 778 million euros. It accounted for 177 million euros on the Rocket content.
– Total Rocket sees the value of his eleven largest holdings at 4.47 billion euros , the proportion of start-forge it lies just under 1.26 billion euros.
– Rocket Internet had in first half of this year 13.3 million euro loss . This administrative expenditure against expected income from share sales so far mainly. Last year there was a profit of 174.2 million euros, thanks in part to the sale of a stake Zalando. Among the important investments Rocket was Dafiti the next turn to the profit zone with a loss of 800,000 euros.
From 35,50 € per share
The subscription period runs until October 7, two days later to Rocket celebrate his debut at the Frankfurt Stock Exchange. The price range for up to 37,900,000 shares ranging from 35.50 to 42.50 euros. With up to 1.6 billion euros Rocket Internet will be the largest IPO in Germany since 2007. At that time, the engine builder Tognum had collected 2.0 billion euros
experts consider Rocket for a risky investment, Samwer still sees private investors as a target group:.. “Our markets are still developing It is and on these markets have to wait for their development. ” But Rocket was suitable for all investors with a long-term investment horizon.
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