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Rocket Internet hikes capital after investment spree

February 13, 2015 8:58 AM
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FRANKFURT (Reuters) - Ecommerce investor Rocket Internet, which held its initial public offering just four months ago, completed a quick-turnaround capital increase on Friday to help fund its global investment spree, raising around 588.5 million euros ($673 mln).

The Berlin-based company said it placed 12.01 million shares at 49 euros each in order to allow it to pursue its strategic goals. Rocket has burned through around 1 billion euros ($1.14 billion) of the 1.4 billion-euro raised via its IPO in October.

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