Rocket Internet prices shares to value firm around $8 billion

By Emma Thomasson BERLIN (Reuters) - Germany's Rocket Internet, a venture capital group that has launched dozens of online start-ups, expects to raise almost double the amount it initially targeted from its initial public offering, pricing shares to value the firm at some $8 billion. The Rocket flotation comes hot on the heels of the blockbuster listing of China's Alibaba and amid strong demand for the shares of Zalando, a European fashion site that Rocket helped found that is set to list next week. The Berlin-based company on Tuesday set the price in a range of 35.50 to 42. ...



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