Jumia plans a listing for the New York Stock Exchange

Publication

16 April 2019 à 11h45

Updated on 10 May 2019 à 16h10

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2 minutes

Publication: 16 April 2019 à 11h45, Updated on 10 May 2019 à 16h10

Reading time: 2 minutes

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Publication

16 April 2019 à 11h45

Updated on 10 May 2019 à 16h10

Reading time

2 minutes

Publication: 16 April 2019 à 11h45, Updated on 10 May 2019 à 16h10

Reading time: 2 minutes

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On March 12, 2019, the African market place Jumia filed paperwork with the Securities and Exchange Commission for an Initial Public Offering on the New York Stock Exchange. The timing and size of the I.P.O. has not been specified, but it should enable the online retailer to raise approximately US$1.1 billion. Jumia would thus become the 1st tech company originating from Africa to be listed in New York. In 2016, a financing round valued Jumia at US$1.2 billion, qualifying the firm as the first A

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