Incubator and venture firm Rocket Internet is set to reveal its plans for an initial public offering at the same time as one of its portfolio companies, Zalando.

Internet incubator Rocket Internet and one of its portfolio companies, Germany-based e-commerce company Zalando, are set to reveal plans next month to go public, Reuters reported on Friday, citing several unnamed sources.

Each company will float stakes of about 15%. Zalando will seek to raise about €900m ($1.2bn) and Rocket Internet €800m ($1.05bn).

Referring to the troubles in Iraq and Ukraine, a banker involved in one of the proposed flotations, said: “At the moment, the IPO market is still very…