Rocket Internet Posts Hefty Profit, Buys Back Own Shares
The company is gearing up for its next IPO following the listing of meal kit service HelloFresh SE
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
Rocket Internet SE is on track for its first profitable year since 2014. The startup incubator benefited from the IPOs of its startups Delivery Hero SE, HelloFresh SE and Home24 SE. Shares gained the most since June.
Rocket shares climbed as much as 4.55 percent, to 28.06 euros a share, in Frankfurt trading, the steepest intraday gain since June 29.