ROCKET Internet, the German venture capital firm behind two of Singapore's most popular lifestyle tech startups (Zalora and Easy Taxi), on Wednesday confirmed plans for a listing on the Frankfurt Stock Exchange later this year.

In a widely-anticipated initial public offering (IPO) that will raise about 750 million euros (S$1.23 billion) for future growth, Rocket looks set to achieve its mission of becoming the world's largest e-commerce platform outside of the US and China.

The offer is expected to comprise only new shares from a capital increase, as all six existing shareholders have committed to not selling any of theirs, said Rocket in its prospectus.