The CEO of Rocket Internet says he only checks the company's stock price when he's bored at the weekend
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Rocket Internet's IPO in October 2014 saw it valued at €6.5 billion (around £4.6 billion, $8.2 billion.) But the startup factory has seen its share price dive on multiple occasions since it has been a public company.
Last month, the Berlin-founded company, which has backed food delivery startups like Hello Fresh and Delivery Hero, saw its share price drop when a quarterly report on its key portfolio companies failed to convince investors its strategy is paying off.
But, on the surface at least, Samwer doesn't seem too concerned. When asked about Rocket's fluctuating stock price by Marco Rodzynek, CEO of Noah Advisors, the company that organises the NOAH conference, Samwer replied:
The laissez-faire approach is at odds with CEOs at many of the world's largest companies, who will likely admit to checking the company's stock price several times a day.
Earlier on in the interview, Samwer said:
Samwer's comments were made a day before a Rocket Internet shareholder meeting.
At the meeting, shareholders reportedly grilled Samwer about the company's share price, which has fallen 52% in the past year, and why its portfolio companies aren't IPO'ing.