IPO-Bound E-Commerce Giant Rocket Internet Consolidates, Holtzbrink Takes 2.5% Stake
August 22, 2014 at 04:11 AM EDT
More shareholder activity over at Rocket Internet, the e-commerce incubator and investor that is widely expected to go public. Holtzbrinck Ventures, a firm that has been a longtime investor in Rocket Internet portfolio companies, is exchanging the shares it has in those companies for a single 2.5% share in Rocket Internet. No comment on any IPO plans as part of this announcement, just a move… Read More