Rocket IPO will reportedly value German e-commerce giant at $8B

Rocket Internet’s upcoming IPO looks to be a barnstormer. As reported by Reuters on Wednesday, the flotation on the Frankfurt Stock Exchange next month is already fully subscribed, and the German e-commerce giant expects to raise twice the €750 million ($970 million) target originally set. This would value the clone factory at around $8 billion rather than $5 billion. The Berlin-based company, which specializes in copying and rapidly internationalizing successful startup business models, made $1 billion in revenue last year. Fashion retailer Zalando, a Rocket spinoff, will also make its stock market debut in October – and that IPO is reportedly oversubscribed.

Rocket brings in $13M for Stripe clone Paymill amid IPO rumors

The Berlin clone factory’s simple payments service, Paymill, has picked up €10 million from Holtzbrinck and Sunstone. With Rocket’s many operations pulling in tens of millions in investment each month, the flotation rumor comes as no surprise.

Rocket misfires as Petitebox closes, gets born again

Germany’s Rocket Internet may have not made its big U.S. push yet, but one of its early plays — parenting subscription service Petitebox — has failed amid logistical problems. Will it make up for that by resurrecting the service under a new name?

Clone factory Rocket finally comes clean

The Samwer Brothers have stopped being furtive about the extent of their many clones, with a new site that lists their full portfolio as part of a wider rebrand. But what can we learn from this dramatic shift? Is Rocket Internet looking to America?

Rocket may clone Stripe to beef up payments portfolio

Rumors suggest the Samwer brothers are prepping a clone of hot payments startup Stripe to add to their copies of Square and BillMeLater – though it remains to be seen whether this would be a quick-sale ploy or a long-term play.