Finance

Startup factory Rocket Internet to delist

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Oliver Samwer, CEO and founder Rocket Internet, on the floor of the Frankfurt Stock Exchange in October 2014.

Arne Dedert | picture alliance via Getty Images

German tech investment firm Rocket Internet is set to delist, the company announced Tuesday, around six years after it went public on the Frankfurt Stock Exchange.

The Berlin-based firm — which is often referred to as a start-up factory — said in a statement that it was offering investors 18.57 euros ($22.23) for each of their shares, lower than Monday’s closing price of 18.95 euros. Rocket Internet shares initially rose on the news Tuesday morning, before falling around 1.3%.

Founded in 2007, Rocket Internet became controversial



Source cnbc.com

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