After early IPO closing, Rocket Internet surges

After early IPO closing, Rocket Internet surges

courtesy - freeedigitalphotos.net

After closing early on its initial public offering (IPO) due to investor demand across all points of the price range, Rocket Internet AG (Rocket) decided to raise its IPO beyond the price range on October 2.

Rocket, which owns popular Southeast Asian e-commerce businesses Zalora, Lazada, and the cab hailing app Easy Taxi, announced on October 2 its IPO at €42.50 (US$53.68) per share.

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