Rocket Internet SE has been harshly criticized for its delisting plans – after a temporary hype of more than 60 euros in 2014, the further course of the share price was a single disaster. Now the Samwer brothers want to take Rocket Internet off the stock exchange and are starting the announced delisting offer. Rocket Internet is offering a full 18.57 euros per share. For comparison: In the Corona crash, the share price had fallen to 16.00 euros, but then recovered to more than 20 euros, which was reached in July. The annual high in 2019 is 26.40 euros, and in 2020 more than 22 euros were paid for the paper.
No wonder, then, that the offer on the stock exchange was not exactly well received, especially since the reasoning did not show any respect for shareholders who do not belong to the Samwer family. “For Rocket Internet, the use of the capital market as a financing option has lost its importance. Outside of the stock exchange, Rocket Internet can take a longer-term approach to strategic decisions, ”the company explained in early September.
Now the acceptance period starts: “The acceptance period begins on October 1st, 2020 and expires on October 30th, 2020 at midnight CET. Within this period, the company’s shareholders can accept the delisting buyback offer and deliver their shares, ”said Rocket Internet on Thursday.
At a glance – chart and news: Rocket Internet