Rocket Internet, the owner of global property portal platform Lamudi, has announced its intention to proceed with an initial public offering on the Frankfurt Stock Exchange in 2014. They are looking to raise USD 1.9 billion on a valuation of USD 7.8 billion.
Rocket’s mission is to become the world’s largest Internet platform outside of the United States and China. Rocket is an operating company that aims to meet the growing demand for a wide range of consumer Internet services in countries all around the world. Rocket studies Internet consumption trends and uses its unique operating platform to identify and build proven Internet business models in new, underserved or untapped markets, where it seeks to scale them into market leading companies.
Rocket is focused on building online businesses across three sectors: e-commerce, marketplaces and financial technology. It is active in highly attractive markets, with a particular focus on emerging and fast growing economies such as Latin America, South East Asia, India and Africa. Since its founding in 2007 Rocket has grown significantly, expanding to over 100 countries, with more than 20,000 persons working across its network of companies today. This highlights the ability of Rocket’s scalable operating platform to rapidly establish market leading positions in many different markets.
Oliver Samwer, Founder and CEO of Rocket, said: “We believe the Internet will play a transformational role in people’s lives everywhere, particularly in emerging markets. We have built a unique platform that has allowed us to take Internet business models to over 100 countries today, bringing basic goods and services to our diverse customer base. We have developed our own proprietary technology, a unique geographic footprint and infrastructure, and best/in/class processes, all supported by outstanding people on the ground all over the world. Taking our company public is the next step in our journey to build the world’s leading Internet platform outside of the United States and China.”
Rocket’s Business & Opportunity
Rocket has a successful track record of executing its business models across a wide range of markets and creating significant value for investors.
Exposure to High Growth Markets
Join the Lamudi team at the Property Portal Watch Conference. From the 1st to 3rd October C-Level managers from around the world will get together in Barcelona to look at the major issues impacting their businesses. We already have over 240 people registered for the conference from 40 different countries and representing over 140 different companies. If you are involved in the property portal industry then you should not miss this event.