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Jumia’s New York IPO: What you need to know

PUBLISHED: Fri, 12 Apr 2019 14:08:09 GMT

African e-commerce company, Jumia sold 13.5 million American Depository Shares at $14 dollars and 50 cents to raise 196 million dollars in an initial public offering in New York. Jake Bright, Writer at TechCrunch joins CNBC Africa from London to discuss investor’s anticipation for the stock.

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