THE LEX COLUMN: Cash-flow woes cool Jumia’s scorching IPO

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THE LEX COLUMN: Cash-flow woes cool Jumia’s scorching IPO 🔒

No fear, no thrill. Adrenalin junkies had a lot to enjoy in Jumia’s initial public offering in April.

The Nigeria-based e-commerce company was dubbed Africa’s Amazon, thanks to its scale and ambition. But its prospectus also listed a litany of risks that took nearly 50 pages to describe.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

 

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