Jumia Could Be Africa’s 1st E-Commerce IPO With NYSE Listing

Jumia Might Be Africa’s 1st E-Commerce IPO With NYSE Listing And $1B Appraisal

Written by Ann Brown

Never ever become aware of shopping online in Africa, Jumia’s sales have grown to more than 8 million orders in 2017, which has been valued at more than$369 million.”Jumia continues to be on afantastic track … it is the marketplace leader outside South Africa throughout the continent … it is more a community than

a company,” stated Oliver Samwer, Rocket Internet Chief Executive Officer, informed Reuters.This is a familiarity for Jumia.”It’s not the very first time Rocket Web has actually been reported to be thinking about pursuing an initial cost offering for Jumia.

Back in March, an IPO for late 2018 or early 2019 either Frankfurt or London was also reported,”Quartz reported.Jumia started in Nigeria in 2012. Indication up for theMoguldom newsletter– organisation news you have to understand about economic empowerment for the digital age, provided to your inbox.About Ann Brown Ann Brown has been a freelance writer for more than 20 years. Her work has actually appeared in CocoaFab, Black Business, Essence, MadameNoire.com, New York Trend, Upscale, Moguldom, AFKInsider, The Network Journal, Playboy, Africa

Strictly Company, For

Harriet, Pathfinders, Black Meetings & Tourist, Regular Flier, Woman, Honey, Source Sports, The Source, Black Radio Exclusive, and Introduce. She studied journalism at New York University and has her B.A. Born in New York, Ann resided in Praia, Cabo Verde, for almost a years. She created”An American In Cabo Verde, “a Facebook neighborhood.

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