Africa Internet Group's parent company Rocket Internet draws big IPO investor crowd for emerging markets web plan

Jumia is one of Africa Internet Group’s portfolio companies

Rocket Internet, the global e-commerce investor, will take a more hands-on role in its stable of companies through a stock market listing which was fully subscribed within the first hour of taking orders, it said on Wednesday.

The German company is riding the coattails of last week’s successful listing by Chinese rival Alibaba and on Tuesday said it was doubling the amount of money it planned to raise in its share sale to 1.48 billion euros ($1.9 billion).

Read more: Rocket draws big investor crowd for emerging market Web plan | Reuters.