German startup investor Rocket Internet’s tech-focused SPAC Rocket Internet Growth Opportunities today priced its IPO of 25 million units at $10 each, Reuters reports.
The Cayman Islands-based SPAC said a unit consists of an ordinary share with one-fourth of a redeemable warrant to purchase another ordinary share for $11.50.
Rocket Internet Growth Opportunities, which is led by Rocket Internet CEO Oliver Samwer, aims to focus on companies in the technology sector that could include internet marketplaces, fintechs or startups in the healthcare industry. Read more.
