RANKFURT, Sept 27 (Reuters): Germany's Rocket Internet is bringing its
planned initial public offering (IPO) forward by a week, citing
"exceptional investor demand across all points of the price range" for
its shares.
The e-commerce investment group said on Friday the offer period, which started on Wednesday, would now end at 1100 GMT (7:00 a.m. EDT) on October 1 for institutional investors, while private investors would have until the end of that business day to subscribe.
The first day of trading on the Frankfurt Stock Exchange is slated for October 2 and settlement is planned for October 6.
Rocket, riding the coattails of last week's successful listing by Chinese rival Alibaba, earlier this week doubled the amount of money it planned to raise in the share sale to 1.48 billion euros ($1.9 billion), and the listing became fully subscribed within the first hour of taking orders.
The e-commerce investment group said on Friday the offer period, which started on Wednesday, would now end at 1100 GMT (7:00 a.m. EDT) on October 1 for institutional investors, while private investors would have until the end of that business day to subscribe.
The first day of trading on the Frankfurt Stock Exchange is slated for October 2 and settlement is planned for October 6.
Rocket, riding the coattails of last week's successful listing by Chinese rival Alibaba, earlier this week doubled the amount of money it planned to raise in the share sale to 1.48 billion euros ($1.9 billion), and the listing became fully subscribed within the first hour of taking orders.
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