Rocket Internet Growth Opportunities prices IPO at $10 per share (updated)

Rocket Internet SE

23/03/2021 13:25

(Adds detail, context)
    March 23 (Reuters) - German startup investor Rocket
Internet's  RKET.DE  tech-focused blank cheque company Rocket
Internet Growth Opportunities said on Tuesday it priced its
initial public offering (IPO) in New York at $10 per share.
    The Cayman Islands-based special purpose acquisition company
(SPAC) said it will sell each of the 25 million ordinary shares
together with one fourth of a redeemable warrant to purchase
another ordinary share for $11.50.
    SPAC IPOs are becoming increasingly popular in the United
States as they offer a shortcut to the capital market for many
companies.
    Rocket Internet Growth Opportunities, which is led by Rocket
Internet CEO Oliver Samwer, aims to focus on companies in the
technology sector that could include internet marketplaces,
fintechs or startups in the healthcare industry.
    In the IPO prospectus, the SPAC explicitly refers to Rocket
Internet's experience developing startups into stock market
candidates, which have included HelloFresh  HFGG.DE , Delivery
Hero  DHER.DE , Zalando  ZALG.DE  and Global Fashion Group
 GFG.DE .
    Shares in the company will start trading on the New York
Stock Exchange under the ticker symbol "RKTAU" from March 23.

 (Reporting by Zuzanna Szymanska in Gdansk; editing by Louise
Heavens and Jason Neely)
 ((zuzanna.szymanska@thomsonreuters.com; + 48 58 769 65 61;))