September 24, 2014 / 7:37 AM / 5 years ago

Rocket Internet IPO fully subscribed - JP Morgan

FRANKFURT, Sept 24 (Reuters) - Rocket Internet’s initial public offering (IPO) is fully subscribed, joint coordinator JP Morgan said in a statement on Wednesday.

Rocket Internet, a German venture capital group that has launched dozens of online start-ups, said late on Tuesday it expected to raise almost double the amount it initially targeted from its IPO, pricing shares to value the firm at some $8 billion. (Reporting by Alexander Huebner; Writing by Maria Sheahan; Editing by Ludwig Burger)

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