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Jumia’s IPO Raises $196 Million

BUSINESS TECHNOLOGY April 13, 2019 0 Comments

According to multiple sources, Jumia Technologies, the largest e-commerce and retail platform in Africa, has raised $196 million in its Initial Public Offering (IPO). In a statement that was released on April 12, the company will now be focusing on expanding its customer base and service tiers. Dubbed Africa’s Amazon, Jumia sold 13.5 million American Depositary Shares, representing a total…

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