Rocket Internet Preparing To Go Public
Rocket Internet is preparing to raise capital through an initial public offering according to Thomas Baldwin of Tropical Considerations that claims to have a source with the company. Rocket Internet was founded by the Samwer brothers and is known for replicating Internet businesses that are mainstream in the United States for the European market. JP Morgan will lead the deal as an advisor for the company. Some of the companies that Rocket Internet is the parent company of include Payleven, HelloFresh, Mebelrama, and Lazada. Rocket Internet’s Groupon clone CityDeal was acquired by Groupon themselves in June 2012.