Jumia Technologies traded at $25.46 as of 4:34 p.m. local time on Friday, valuing the company at more than $1.9 billion. Jumia earlier raised $196 million with the sale of 13.5 million American depositary receipts at $14.50 each.
“This is about awareness,” Poignonnec said in a phone interview. “Millions and millions of Africans are yet to realize the benefits of e-commerce.” Often tagged Africa’s Amazon.com, Jumia operates in countries such as Nigeria and Ivory Coast where the U.S. giant lacks distribution infrastructure and much presence. The company has developed a logistics arm that includes pick-up and drop-off points to combat vague addresses, and also lets customers make mobile-phone payments if they don’t have access to banking services.
The offering was led by Morgan Stanley, Royal Bank of Canada, Citigroup Inc. and Berenberg Capital Markets LLC. Citadel Securities was the designated market maker.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:
대한민국 최근 뉴스, 대한민국 헤드 라인
Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.
BUSINESS MAVERICK OP-ED: Blockchain and cryptocurrency regulation in AfricaSub-Saharan Africa may have the second-highest population of unbanked adults in the world, at about 350 million people, or 17% of the global total. It is estimated that two-thirds of sub-Saharan Africans do not have a bank account. Blockchain technology can help fix that, but only if African regulators act fast.
출처: dailymaverick - 🏆 3. / 84 더 많은 것을 읽으십시오 »
BUSINESS MAVERICK: Africa is being left out of the digital tax loopIt’s a tricky issue. Tech companies are able to operate internationally very effectively, zooming down fibre optic cables from their tax havens. Should they be taxed in a different way? It’s now a leading topic on the global agenda, and African tax experts are hustling to join the discussions. Governments around the world have proposed varying solutions. Africa, however, is not necessarily happy with the progress, but potential solutions are out there. Very interesting piece DURITZ79
출처: dailymaverick - 🏆 3. / 84 더 많은 것을 읽으십시오 »
BUSINESS MAVERICK: Facebook’s South Africa problem: Just what exactly is ‘white nationalism’?Facebook, under enormous pressure to be more conscious about the content on the platform, has recently announced that beginning immediately it will start taking down posts that support white nationalism and white separatism. But what exactly is ‘white nationalism’ and how would it apply in South Africa? Turns out, it’s a work in progress. A MINORITY's(self)-Preservation .
출처: dailymaverick - 🏆 3. / 84 더 많은 것을 읽으십시오 »
Business Maverick: Africa’s Amazon Set for New York IPO as Online Retail Takes OffJumia, Africa's largest online retailer, continues to build its profile in the run-up to its New York Stock Exchange listing. The company has now release its customer numbers for 2018, which jumped 48% to just over four million. Its planning to sell 13.5 million American Depository Shares at $13 to $16, raising as much as $216 million.
출처: dailymaverick - 🏆 3. / 84 더 많은 것을 읽으십시오 »
OP-ED: Business must help rebuild a post-Zuma South Africa – but also confront bad policy decisionsBig Business has a major role to play in not only helping the government rebuild what was destroyed during the Jacob Zuma presidency but also to speak out about bad decision-making. At the same time, business is not government and operates with a fundamentally different set of incentives and assumptions.
출처: dailymaverick - 🏆 3. / 84 더 많은 것을 읽으십시오 »