German startup factory Rocket Internet to delist its stock

Rocket Internet, the German startup factory infamous for copying other companies, said Tuesday that it will delist its stock, citing current greater availability of private capital than when it went public in 2014.

Between the lines: Despite producing and backing a number of successful companies like Zalando and HelloFresh, Rocket Internet's own stock has largely traded below its IPO price of €42.50 ($50.95) a share.