Kinnevik bails out of Rocket via €218m clean-up block

By Aidan Gregory
08 Jun 2017

Shares in Rocket Internet, the German internet start-up incubator, fell as much as 4% on Thursday morning after Kinnevik, the Swedish investment company, sold the last of its stake, for €218m. The shares closed down 2%.

Berenberg was mandated as bookrunner.

Launched after the market close on Wednesday, the block of 10.9m shares, a 6.6% stake, was covered after 30 minutes, according to a banker on the deal. An hour later, the leads said orders below €20 risked missing out.

The deal ...

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