Rocket Internet falls 14 percent in stock market debut

FRANKFURT (Reuters) - Shares in Rocket Internet, the global e-commerce investor, dropped 14 percent in their debut on the Frankfurt stock exchange on Thursday. Shares in the Berlin-based company started trading at the offer price of 42.50 but fell to 36.66 euros after a few minutes. By 0735 GMT, the shares were down 11.6 percent at 37.97 euros. The Rocket flotation comes hot on the heels of the blockbuster debut of China's Alibaba and just a day after the listing of Zalando, a European fashion site that Rocket helped found. ...

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