April 12, 2019 Jumia becomes first African startup to launch US IPO, shares soar over 50% within first hour valuing the company at over $1.5 billion

Jumia becomes first African startup to launch US IPO, shares soar over 50% within first hour valuing the company at over $1.5 billion

Almost a month after filing for an initial public offering (IPO) on New York Stock Exchange, the Lagos-headquartered ecommerce startup Jumia today has finally listed on New York Stock Exchange, with the shares opening at $14.5 and surging over 50% within the first hour of trading (H/T). At the time of writing, they’re trading at […]

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