Business

German startup factory Rocket launches IPO

By Frank Jordans
Published September 10, 2014 4:06pm ET
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German startup factory Rocket launches IPO
FILE - The Aug. 28, 2013 file photo shows transportation boxes of the fashion retailer Zalando during a news conference in Berlin, Germany. Germany's startup factory Rocket Internet AG said it plans a public listing on the Frankfurt stock exchange this year. The privately held company has launched dozens of online businesses around the world, often copying successful rivals. The announcement Wednesday, Sept. 10, 2014 comes a week after one of its main investments, fashion retailer Zalando, itself revealed plans for an IPO. (AP Photo/Michael Sohn, file) | Michael Sohn

BERLIN (AP) — Germany’s Rocket Internet AG, which specializes in launching e-commerce startups, announced Wednesday that it plans a public listing on the Frankfurt stock exchange.

The Berlin-based company said it aims to raise 750 million euros ($968 million) with a flotation “intended to take place later in 2014,” giving no specific date.

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