The German technology company Rocket Internet priced its initial public offering at the top of its price range at 42.5 euros a share on Wednesday, valuing the company at 6.7 billion euros, or roughly $8.4 billion.
follows that of another Berlin-based e-commerce company, Zalando, whose shares closed flat in their first day of trading on Wednesday in Frankfurt. Zalando priced its shares on Monday at €21.50, raising €605 million and valuing the company at €5.3 billion.
Shares of Rocket Internet, which has expanded across Europe and many emerging markets by mimicking successful Internet ideas pioneered in the United States, are expected to start trading in Frankfurt on Thursday.
The public offering is the latest chapter for Oliver, Marc and Alexander Samwer, the German brothers behind Rocket Internet, who have built and sold a succession of Internet-based businesses to eBay, Groupon and others.
The Samwer brothers, who collectively own a 65 percent stake in Rocket Internet and 17 percent of Zalando through an investment company, will have a combined paper profit of roughly $6.5 billion through the I.P.O.s of both the German businesses.
Yet while Rocket Internet now employs roughly 20,000 people in more than 100 countries worldwide, it has been criticized for merely copying concepts from the likes of Amazon and Zappos.
Oliver Samwer, Rocket Internet’s chief executive, has bristled at this accusation, saying that all companies, whether bricks-and-mortar shops or online businesses, are based on existing ideas.
‘‘If there’s a clear business model that is proven to work, we will look at it,’’ Mr.
Samwer said in an interview this year. ‘‘Every new company is like a speedboat, and we want them to become aircraft carriers.’’
As part of its I.P.O., Rocket Internet said it had raised as much as €1.6 billion from investors, or roughly double what it had expected when the company announced its public offering last month.
The company brought its I.P.O.
IPO Valuation Model
forward by a week after it received heavy demand for shares from investors, many of whom view Rocket Internet as an opportunity to gain access to fast-growing emerging countries.
While the company is based in Germany, many of its operations are spread across Latin America, Africa and Asia, and involve expanding tried-and-tested formulas to new markets.
In Mexico, for example, the company runs an Amazon-like online retailer called Linio.
In Malaysia, it started a Zappos clone called Zalora.
And in Nigeria, the company began a service called Easy Taxi that is similar to the ride-sharing service Uber.
It is expected to use the proceeds of its I.P.O.
to fund its existing business and to start new Internet companies.
Berenberg, JPMorgan Chase and Morgan Stanley are acting as joint global coordinators for Rocket Internet’s public offering, while Bank of AmericaMerrill Lynch, Citigroup and UBS are also helping with the I.P.O.