Rocket Internet-backed SPAC files for $250M IPO to focus on tech acquisition
February 11, 2021
Rocket Internet Growth Opportunities Corp., a blank-check company backed by Berlin-based tech incubator and investor Rocket Internet, has filed papers with the SEC to raise $250 million in an IPO. The SPAC will target tech companies outside the US, with Renaissance Capital reporting that the vehicle would have a market value of about $313 million. Rocket Internet portfolio companies include Bluenest, Flash Coffee and Katoo.