Rocket Internet IPO fully subscribed, company says

FRANKFURT (Reuters) - Rocket Internet, the global ecommerce investor riding the coattails of last week's successful stock offering by Chinese rival Alibaba, has had its own IPO fully subscribed, underwriters and company officials said on Wednesday. Rocket Internet, a German venture capital group that has launched dozens of online start-ups worldwide, said late on Tuesday it expected to raise almost double the amount it initially targeted from its IPO, pricing shares to value the firm at some $8 billion. ...



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