Rocket Internet, the Berlin-based firm behind Jumia, Kaymu, Hellofood, Lamudi, Carmudi and several others yesterday published its prospectus of its upcoming IPO after approval from the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht BaFin).
In a statement, Oliver Samwer said,”The IPO is the next logical step for us, as we are determined to become the leading Internet platform outside the US and China.”
The global internet builder aims to raise sale new shares of 35.50 to 42.50 euros each a share, raising as much as 1.47 billion euros, or $1.89 billion on its October 9 IPO which will see the firm stand at $7.8 billion value, making it Germany’s largest tech I.P.O.