Thursday is the new Friday! What?! Yes! Tomorrow is German Unification Day. However, here are today’s news:
Rocket IPO is not so rocking
via VentureBeat: “A week that started with such high hopes for German IPOs is getting a cold dash of reality. Germany’s Rocket Internet held its IPO on Thursday and immediately saw its stock drop 10% in a long-awaited offering that could have big implications for the European tech scene.
The stock opened at €42.50, and immediately fell to €38.00, prompting a little, well, schadenfreude, by those who are less than impressed with the company’s strategy of copying other Internet businesses.”
Read the entire story on VentureBeat
Green Alley Award
Green Alley announces RePack, FoodLoop and GreenLab Berlin as the winners of its InnoWASTEon competition. Out of 70 applicants seven were invited to pitch this week at Green Alley’s space in Berlin Wedding.
VentureVillage met Green Alley in May and spoke about the program which cooperates with the crowdfunding platform Seedmatch.
Pet online store Petobel closes?
As Gründerszene reports Petobel, a startup from Epic Companies (ProSiebenSat.1’s incubator that shut down), links to Hundeland.de and Katzenland.de – both owned by ePetWorld GmbH.
Read the full article on Gründerszene
Image: Felicitas Hackmann