"Germany's Rocket Internet aims for SPAC in New York, sources say"

 These punks just went private.

Here's all you need to know about these guys, from 2019's "Germany's Rocket Internet Jumps 7.7% on Take-Private Speculation (RKET.GR)":

....We've been messing around with RKET since the IPO when this tidbit caught our collective eye:

"Our proven winners generated aggregated net losses of €442 million" ($568 million)
—Rocket Internet prospectus via "How Do You Say 'Dot-Com Crash' in German?"

 

They were running a little internet business plan clonehaus with one claim to fame, Delivery Hero, which actually wasn't even their deal. Rocket was like a D or E H round investor.

 

From Reuters, February 9:

German tech investment company Rocket Internet plans to list a special purpose acquisition company (SPAC) in New York to tap into investor interest in new offerings, two people close to the matter said.

Rocket, led by tech entrepreneur Oliver Samwer, is preparing to list SPAC shares worth 200 million to 300 million euros ($242 million to $363 million) in a deal organised by investment bank Citi, they said, speaking on condition of anonymity.

Rocket and Citi were not immediately available for comment....

....MUCH MORE

Our most recent mention was January 12's "Germany’s Delivery Hero Introduces Its Own Venture Capital Fund":

Here at Ouroboros Group we believe a self-referential vortex of strange loops is the key to exceptional market depravity and thus dream demon returns at rates essentially double those of typical simple ouroboros techniques and paradigms.*

Delivery Hero is one of only two of Rocket Internet's stable of clones that I could name (Zalando being the other). RKET itself was delisted after a going-private deal at €18.57, down considerably from its IPO price of €42....