MORE: Rocket Internet Prices IPO at EU42.50/Shr, Top of Range
2014-10-01 17:57:07.572 GMT
By Jim Silver
Oct. 1 (Bloomberg) -- Rocket sells 32.9m new shrs;
overallotment 4.94m shrs, co. says in statement.
* IPO price gives co. market value ~EU6.7b, co. says
* Offering received >10x demand at top end of price range, co.
says
* IPO to raise gross proceeds EU1.4b for co., EU1.6b if
greenshoe option fully exercised, co. says
* Offering represents 21.5% stake, or 24% stake if greenshoe
fully exercised, Rocket says
* No existing shareholders sold any shrs in the IPO
* Rocket committed to six-month lockup period
* NOTE: Rocket to debut on Frankfurt stock exchange tomorrow
* NOTE: Last week, co. almost doubled its target for proceeds
to EU1.4b, advanced date of listing after winning
commitments to buy shrs from JPMorgan Chase, Scotland’s
Baillie Gifford
* NOTE: Berenberg Bank, JPMorgan Chase, Morgan Stanley
arranged sale; Bank of America’s Merrill Lynch, Citigroup,
UBS joint bookrunners
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--With assistance from Aaron Kirchfeld and Ruth David in London.
To contact the reporter on this story:
Jim Silver in New York at +1-212-617-7342 or
jsilver@bloomberg.net
To contact the editors responsible for this story:
Andrea Snyder at +1-202-624-1831 or
asnyder5@bloomberg.net
2014-10-01 17:57:07.572 GMT
By Jim Silver
Oct. 1 (Bloomberg) -- Rocket sells 32.9m new shrs;
overallotment 4.94m shrs, co. says in statement.
* IPO price gives co. market value ~EU6.7b, co. says
* Offering received >10x demand at top end of price range, co.
says
* IPO to raise gross proceeds EU1.4b for co., EU1.6b if
greenshoe option fully exercised, co. says
* Offering represents 21.5% stake, or 24% stake if greenshoe
fully exercised, Rocket says
* No existing shareholders sold any shrs in the IPO
* Rocket committed to six-month lockup period
* NOTE: Rocket to debut on Frankfurt stock exchange tomorrow
* NOTE: Last week, co. almost doubled its target for proceeds
to EU1.4b, advanced date of listing after winning
commitments to buy shrs from JPMorgan Chase, Scotland’s
Baillie Gifford
* NOTE: Berenberg Bank, JPMorgan Chase, Morgan Stanley
arranged sale; Bank of America’s Merrill Lynch, Citigroup,
UBS joint bookrunners
Story Link:NSN NCS1GX6KLVRD<GO>
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
--With assistance from Aaron Kirchfeld and Ruth David in London.
To contact the reporter on this story:
Jim Silver in New York at +1-212-617-7342 or
jsilver@bloomberg.net
To contact the editors responsible for this story:
Andrea Snyder at +1-202-624-1831 or
asnyder5@bloomberg.net