Rocket Internet goes public. The startup incubator is expected to raise upwards of €1.6 billion ($2 billion) when its shares start trading in Frankfurt for €42.50 a pop.
“Oliver is excellent in giving investors the feeling that he and his brothers understand the digital business,” Joel Kaczmarek, author of Samwer biography “The Godfathers of the Internet,” said in an e-mail. “His vision of conquering the different developing Internet markets seems actually very plausible and triggers the interests of investors that do not want to miss out on those opportunities.”
Ample liquidity alongside subdued volatility is supporting the appetite for IPOs, says Ernst & Young, and geopolitical conflict hasn’t sidelined investors. The consulting firm said European IPO volumes have quadrupled to just over $53 billion this year. But while analysts agree Alibaba’s mega-IPO over in New York smoothed the way for listings last month, they don’t expect fireworks in Germany.