The venture firm would raise the sum, which effectively doubles the expected size of the IPO, if it floats at the mid-point of its range.
Corporate-backed venture firm and incubator Rocket Internet set the range for its initial public offering yesterday between €32.50 ($41.55) and €42.50 ($54.35) per share.
Should Rocket Internet place the maximum number of shares at the mid-range, it will raise almost $1.9bn in the offering, valuing the company at about $7.9bn. That mid-range target is around twice the $970m target it set for the IPO only two weeks ago.
The proceeds will support further growth and development for Rocket Internet, which…
