Stockholm Stock Exchange trading stopped Kinnevik before trading starts on Wednesday with reference to that
“investors do not have access to information about the financial instrument on equal terms.”
The trading halt was lifted just after half past nine since Kinnevik sent out a press release in which the media data on a future listing of Rocket Internet is confirmed.
According to the listing Kinnevik will happen this year, but details are not given. A similar statement has been previously published regarding Zalando.
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According Kinnevik the company will not sell at any shares in connection with the listing. The principal owners have also agreed to a lock-up period of 12 months.
According to Rocket Internet company plans to carry out a public share issue of EUR 750 million for the listing.
Head Counselors are Berenberg, JP Morgan and Morgan Stanley, according to a press release. BofA Merrill Lynch, Citigroup and UBS also assists in the distribution of ownership.
Brunswick handles PR work around the listing.
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