{"id":70047,"date":"2014-10-02T08:10:16","date_gmt":"2014-10-02T06:10:16","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=70047"},"modified":"2014-10-02T08:10:16","modified_gmt":"2014-10-02T06:10:16","slug":"rocket-internet-ipo-likely-to-price-in-upper-end","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/internet\/70047\/rocket-internet-ipo-likely-to-price-in-upper-end\/","title":{"rendered":"Rocket Internet IPO likely to price in upper-end"},"content":{"rendered":"

Rocket Internet , the global e-commerce investor, will likely price its flotation at the upper end of the 35.50 euros ($44.75) to 42.50 euros a share price range, three people familiar with the deal said.<\/p>\n

“Books for retail investors are still open until 5 o’clock (German time), and no final price has been set. But it certainly looks like the price will be 42.50 euros,” one of the people said.<\/p>\n

The shares are poised to be priced Wednesday night with trading to start on Thursday.<\/p>\n

The Rocket flotation comes hot on the heels of the blockbuster listing of China’s Alibaba and just a day after the listing of Zalando , a European fashion site that Rocket helped found.<\/p>\n

More on Rocket Internet<\/h3>\n

Rocket Internet valued at $8 billion<\/a><\/strong><\/p>\n

Rocket Internet is building an e-commerce empire<\/a><\/strong><\/p>\n

E-commerce ventures heading for IPO<\/a><\/strong><\/p>\n

MTN to plow R2.4 billion into e-commerce venture<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Rocket Internet , the global e-commerce investor, will likely price its flotation at the upper end of the 35.50 euros ($44.75) to 42.50 euros a share price range, three people familiar with the deal said.<\/p>\n","protected":false},"author":7,"featured_media":10512,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9882],"tags":[25,6503],"class_list":["post-70047","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-internet","tag-active","tag-rocket-internet"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/70047","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=70047"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/70047\/revisions"}],"predecessor-version":[{"id":70053,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/70047\/revisions\/70053"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/10512"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=70047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=70047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=70047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}