October 1, 2014 / 1:43 PM / 4 years ago

Rocket Internet likely to IPO at the upper end price range: sources

FRANKFURT (Reuters) - Rocket Internet (RKET.DE), the global e-commerce investor, will likely price its flotation at the upper end of the 35.50 euros ($44.75) to 42.50 euros a share price range, three people familiar with the deal said.

The logo of of Rocket Internet, a German venture capital group is pictured in this September 24, 2014 illustration photo in Sarajevo. REUTERS/Dado Ruvic

“Books for retail investors are still open until 5 o’clock (German time), and no final price has been set. But it certainly looks like the price will be 42.50 euros,” one of the people said.

The shares are poised to be priced Wednesday night with trading to start on Thursday.

The Rocket flotation comes hot on the heels of the blockbuster listing of China’s Alibaba (BABA.N) and just a day after the listing of Zalando (ZALG.DE), a European fashion site that Rocket helped found.

Reporting by Arno Schuetze and Alexander Hübner

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