Jumia shares slump as the end of the lock-up period looms
After a brief euphoric spell when the share price of the largest e-commerce operator in Africa surged by over 200%, the forthcoming expiry of the lock-up period threatens to inflict further damage to the share price which has already dipped by more than 40%.
Someone shares this article with you
▪ Jumia shares slump as the end of the lock-up period looms
▪ After a brief euphoric spell when the share price of the largest e-commerce operator in Africa surged by over 200%, the forthcoming expiry of the lock-up period threatens to inflict further damage to the share price which has already dipped by more than 40%.
▪ https://www.africabusinessplus.com/en/798911/jumia-shares-slump-as-the-end-of-the-lock-up-period-looms/
A total of 15.5 million American Depository Receipts (ADRs) were sold on the New York Stock Exchange on 11 April at a unit price of $14.5, raising $224.8 million, i.e. 19.9% of the company’s stock. The share price began trading with spectacular gains and had risen by 224% on 1 May to attain a record $46.99.
This article is for subscribers only. To read more, subscribe with a special offer.
You are connected to your Jeune Afrique account but your Africa Business+ subscription does not allow you to consult the English version. To update your subscription, contact us by clicking here.
Recommended articles
New technologies
13/12/2019 at 16h47, by Aurelie Benoit, updated 16/12/2019
Jumia now looking to “develop its business in growth countries” such as Côte d’Ivoire
The African e-commerce company continues to lose money on the continent and is packing up in Rwanda...
Private Equity
28/11/2019 at 16h44, by Pierre-Olivier Rouaud
Janngo Capital (Fatoumata Bâ): after €12.5m from the EIB, a new investor is expected in early 2020
The social start-up studio run by Fatoumata Bâ, a former senior executive at Jumia, is looking to invest...
Large-scale distribution
12/09/2019 at 15h55, by Africa Business+, updated 22/10/2019
Prosuma throws in the towel with Yaatoo, leaving the field free for Jumia
According to information obtained by Jeune Afrique Business+, the e-commerce site, owned by the Ivorian...
Any questions ? contact us
Please get in touch with the Africa Business+ team if you require any further information.
Email us : customer.care@africabusinessplus.com
Add AB+ to your home screen
1. Click on at the bottom of your screen.
2. Click on to add AB+ on the home screen.
3. Enter the name of the shortcut and confirm.