Berlin-based Incubator and the world’s largest internet company clone factory, Rocket Internet GmbH, is planning an initial public offering at $4 billion. Rocket internet is working with Berenberg, JPMorgan Chase & Co. and Morgan Stanley to make the Frankfurt IPO a success.

Rocket has investments in many companies worldwide such as  Zalando, Just Eat Plc, Candy Crush maker King Digital and owns over 100 companies(Lamudi, Carmudi, Kaymu, Hellofood, Jumia, Jovago, Easy Taxi) in 50+ countries, Africa inclusive, which are run in partnership with Millicom and MTN and Asia’s Ooredo Telecoms.

According to a Bloomberg report, Rocket and its ventures have raised over 2 billion euros in external funding.   Questions however arise on how the company hopes to generate profits as most of the Rocket ventures are still operating in losses in a move to gain market share. Investors claim that the clone giant has the most complicated financial puzzle in the world.

“We focus on what’s best for the company and that is concentrating on our operations, in order to build a business for the long-term,” Andreas Winiarski, a spokesman for Rocket said to BloomBerg yesterday. He declined to comment on a possible IPO. Representatives at JPMorgan, Morgan Stanley and Berenberg  also declined to comment.


Photo Credit: Travel Aficionado via Compfight cc

Odunayo Eweniyi Author

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