Country Manager, Jumia Nigeria, Tolulope George-Yanwah; Head, Vendor Experience, Omolola Onasanya and Chief Financial Officer, Ernest- Orumwense at the Jumia Nigeria IPO press conference in Lagos, yesterday PHOTO;SUNDAY AKINLOLU
Jumia, with its headquarters in Nigeria, had last Friday listed its shares on the NYSE, and traded at $14.50 under ticker symbol JMIA. The prospectus, as sighted by The Guardian, showed that Jumia offered 13,500,000 American Depository Shares representing 27,000,000 Ordinary Shares. Anammah noted that more investors have a marketplace and tech focus in New York than in any other place. “We made a logical choice.This is the largest stock exchange in the world; many technology companies are listed on the NYSE ,” she said.
The move is expected to help build even more trust with consumers, in particular, those who are still not comfortable with eCommerce, just as the listing will help with talent recruitment, retention, as it aimed to attract more attention from top talent.
Source: Tech Daily Report (techdailyreport.net)
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