Technology SPAC Rocket Internet Growth Opportunities prices $250 million IPO

Rocket Internet Growth Opportunities, a blank check company formed by Rocket Internet targeting the tech sector, raised $250 million by offering 25 million units at $10. Each unit will consist of one share of common stock and one-fourth of a warrant, exercisable at $11.50.

The company is led by Chairman Oliver Samwer, the co-founder and CEO of Rocket Internet, and CEO and Director Soheil Mirpour, who serves as a member of the Management Board at Rocket Internet. Rocket Internet Growth Opportunities currently intends to focus on companies in the technology sector that can benefit from the expertise and capabilities of the management team in order to create long-term shareholder value.

Rocket Internet Growth Opportunities plans to list on the NYSE under the symbol RKTAU. Citi acted as a lead manager on the deal.