After the failed IPO Zalando Rocket Internet now has set its share price was 42.50 euros. Thus, the price range has been fully exploited. The IPO is expected to bring the Berlin company 1.6 billion euros.
The startup forge Rocket Internet has fixed the issue price for its shares at 42.50 euros . This was announced by the Berlin-based company with on Wednesday evening. The price is at the upper end of the price range of 35.50 euros to 42.50 euros. Rocket Internet is therefore likely to deliver around 1.6 billion euro and be the start of trading on Thursday worth around 6.7 billion euros.
Rocket Internet had preferred the IPO by a week after the placement of the shares was completed ahead of schedule with investors. After the expiration of all waiting periods around 24 percent of the shares of Internet Rocket to be traded on the stock exchange. The rest belongs to the Samwer brothers, who founded in 2007 the company, as well as other investors, such as the Swedish Kinnevik Group, United Internet and the American billionaire Len Blavatnik.
Zalando comes as no issue price also
On Wednesday the Related Rocket Internet online fashion retailer Zalando was started in the stock market. The stock did not come after an initial price jump at the end but beyond the issue price of 21.50 euros. Zalando is so worth 5.35 billion euros. The company had not fully utilized the price range of up to 22.50 euros as opposed to Rocket.
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In both companies, the Internet-investors Oliver, Marc and Alexander Samwer are major shareholders. The brothers held there so far the majority. Oliver Samwer is the boss. After the IPO, the Samwer share will drop to just under 40 percent. At Zalando them are after the IPO almost 15 percent.
32,951,177 shares are issued
The Rocket business model is to establish young Internet companies. Emphasis is placed on the online commerce and services. The start-up production as organized on an assembly line, a business model is quickly brought to the start in different countries. Meanwhile, Rocket Internet is active with around 50 companies in 116 countries.
In the IPO 32,951,177 new shares will be issued 4,941,176 plus a greenshoe for the banks accompanying. Several investors have already committed to purchase Rocket Shares at the Offer Price to the value of 582.5 million euros, it said.
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