Africa: African E-Commerce Startup Jumia's Shares Open at U.S.$14.50 in NYSE IPO
By Jake Bright
Pan-African e-commerce company Jumia listed on the New York Stock Exchange today, with shares beginning trading at $14.50 under ticker symbol JMIA. This comes four weeks after CEO Sacha Poignonnec confirmed the IPO to TechCrunch and Jumia filed SEC documents.
With the public offering, Jumia becomes the first startup from Africa to list on a major global exchange.