German e-commerce investor Rocket Internet aims to list the shares in two of its holdings, Global Fashion Group and Global Online Takeaway Group, eight months after its own initial public share offer, monthly Manager Magazin said. Shares in the two firms could start trading on the stock exchange later this year or in 2016 at the latest, the magazine said.
While Berlin-based Rocket sees itself as building an e-commerce operating empire, some investors see it as a launchpad for future stock market listings of everything from online fashion to home furnishings to personal finance firms. Global Fashion Group was formed from five Kinnevik and Rocket Internet-backed online fashion start-ups active across dozens of emerging markets.
Global Online Takeaway Group combines stakes in online food delivery firms including Delivery Hero and Foodpanda. Manager Magazin also said that Delivery Hero, in which Rocket holds a 39 percent stake, was still pursuing plans for its own stock market listing, despite Rocket's push for a flotation of Global Online Takeaway Group. While it holds a minority stake in Delivery Hero, Rocket has no seat on the board and Delivery Hero continues to be run as an independent company. A spokesman for Delivery Hero said the company remains on track for a possible initial public offering in 2016 and that nothing had changed in its planning. He provided no further details.
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