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Shares in Rocket Internet, the global e-commerce investor, dropped 14 percent in their debut on the Frankfurt stock exchange on Thursday.
Shares in the Berlin-based company started trading at the offer price of 42.50 but fell to 36.66 euros after a few minutes. By 0735 GMT, the shares were down 11.6 percent at 37.97 euros.
The Rocket flotation comes hot on the heels of the blockbuster debut of China'sAlibaba and just a day after the listing of Zalando, a European fashion site that Rocket helped found.
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