Film backdrop image for Rocket Internet - Enough fuel? (2014)

20144 minPGnews

Investment Financial Markets

Rocket Internet - Enough fuel?

20144 minPGnews

Joseph critiques Rocket Internet's poor IPO performance and complex structure in European tech.

Investment Financial Markets

Genres

Channel: Financial Times

Rocket Internet - Enough fuel?

2014• 4 minPG

Synopsis

Joseph critiques Rocket Internet's poor IPO performance and complex structure in European tech.

Synopsis

Joseph criticizes Rocket Internet, a German company known for holding minority stakes in various unprofitable internet companies. The company recently went public, but its IPO has not performed well, with the stock dropping as much as 14% on its first day of trading. Currently, it has a market cap of just over 6 billion euros and around 150 million shares available. The IPO prospectus reveals that Rocket Internet has 114 fully consolidated subsidiaries and 195 not fully consolidated stakes, making it a complex entity. Investors face risks as the company operates in a speculative sector of European tech, blending venture capital with internet conglomerates. The harsh reality is that many investors have already experienced losses as the stock continues to decline.

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