Kinnevik: Rocket Internet publishes prospectus for IPO
(Thomson Reuters ONE) -
Investment AB Kinnevik (publ) ("Kinnevik") today announced that Rocket Internet
has published the prospectus (including price range) for its upcoming Initial
Public Offering (IPO).
Rocket Internet has today, after approval from the German Federal Financial
Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht BaFin)
published its prospectus for its upcoming Initial Public Offering (IPO).
Rocket Internet has set the price range for the company's shares at EUR
35.5-42.5, equivalent to a pre money equity value for Rocket Internet of
approximately EUR 4.3bn to EUR 5.1bn on a fully diluted basis.
If the value of Rocket Internet derived from the indicative price range would be
applied to Kinnevik's financial statements as per 30 June 2014 (adjusted for new
share issues announced in August), the book value of Kinnevik's shares in Rocket
Internet would have been SEK 5.3-6.7 bn higher than reported, equivalent to an
increase in net asset value of SEK 19.0-24.0 per share.
Kinnevik has entered into customary lock-up arrangements, implying that
Kinnevik's Rocket shares will be subject to a lock-up period of 12 months from
the first day of trading.
Kinnevik discloses the information provided herein pursuant to the Securities
Market Act (Sw. lagen om värdepappersmarknaden (2007:528)). The reference to the
IPO does not constitute an offer to acquire securities or investment advice. The
information was submitted for publication on 23 September 2014 at 7.00 pm (CET).
For further information, visit www.kinnevik.se or contact:
Torun Litzén, Director, Investor Relations Phone +46 (0)8 562 000 83
Mobile +46 (0)70 762 00 83
Investment AB Kinnevik is a leading, long-term oriented, investment company
based in Sweden. Kinnevik primarily invests in consumer centric businesses that
provide innovative and value-added technology-enabled services. Our main areas
of focus are the Communications, e-Commerce, Entertainment and Financial
Services sectors. We own significant stakes in over 50 companies that operate in
more than 80 countries across five continents, with a particular emphasis on
growth markets. The Kinnevik Group employs more than 90 000 people around the
world.
Kinnevik actively supports the companies in which it invests and plays an
influential role on their respective Boards. Kinnevik was founded in 1936 by
three Swedish families who continue to play a leadership role in the ownership
of the Company and in the pursuit of its entrepreneurial ventures.
Kinnevik's shares are listed on Nasdaq OMX Stockholm's list for large cap
companies under the ticker codes KINV A and KINV B.
Press release:
http://hugin.info/1114/R/1857847/650582.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Kinnevik via GlobeNewswire
[HUG#1857847]
Unternehmensinformation / Kurzprofil:
Datum: 23.09.2014 - 19:00 Uhr
Sprache: Deutsch
News-ID 342632
Anzahl Zeichen: 3623
contact information:
Town:
STOCKHOLM
Kategorie:
Business News
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