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IPO · JMIA

Jumia Technologies AG

Formerly Africa Internet Holding GmbH

Jumia Technologies AG (JMIA) priced its initial public offering on Apr 15, 2019 at $14.50 per ADS, raising $195.8M, and listed on NYSE. At the IPO price its market capitalization was about $1.11B. Sullivan & Cromwell advised the company and Latham & Watkins advised the underwriters.

Jumia Technologies AG runs a pan-African e-commerce platform made up of a marketplace connecting sellers with consumers, a logistics service for package delivery, and a payment service. It operates in 14 countries across six regions in Africa and was founded in 2012.

Status
IPO
Ticker
JMIA
Exchange
NYSE
Priced
Apr 15, 2019
IPO price
$14.50 per ADS
Raised
$195.8M
Market cap at IPO price
$1.11B
First filed
Mar 12, 2019
Company counsel
Sullivan & Cromwell
Underwriters' counsel
Latham & Watkins
Sector
Consumer

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.

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Filings

Other Consumer IPOs in 2019