Saturday, April 13, 2019

Pan-African e-commerce company Jumia closes up 75.6% on its first day of trading, after raising $196M in its IPO, and is now valued at ~$3.9B (Maggie Fitzgerald/CNBC)

Maggie Fitzgerald / CNBC:
Pan-African e-commerce company Jumia closes up 75.6% on its first day of trading, after raising $196M in its IPO, and is now valued at ~$3.9B  —  - The largest e-commerce operator in Africa, Jumia Technologies, surged more than 75% on its first day of trading at the New York Stock Exchange on Friday.



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