The billion-dollar IPO of Africa’s biggest e-commerce player is happening this month
If you’re looking to get a slice of the biggest e-commerce operator in Africa, get the checkbook ready: there’s finally an established timeline for the initial public offering (IPO) launch by Jumia.
Quartz Africa can now confirm the company’s listing on NYSE will happen in April. After long-running speculation over the past year, Jumia filed its S1 documents to list on the New York Stock Exchange last month.
That timeline, as confirmed by a Jumia spokesperson, is at par with typical listings on the NYSE following recent events. Indeed, in updated S1 documents, Jumia has set a price range of $13 to $16 per share last week. Like most companies intending to list, after setting a share price range, Jumia will now commence an investor roadshow during which its final share price will be s...