A great day for 'African startup', @jumianigeria at the New York Stock Exchange yesterday. The e-commerce company surged more than 75% on its first day as a public company. The stock opened at $14.50 per share and ended at $25.46.
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It’s about time. Congratulations Jumia
This is an amazing feat
Can someone please help me understand why this is so great? ARE there no other African start ups on NYSE? Would just like to better understand. Thanks
This is great news!
Is Jumia really an African Startup? Incorporated in Germany, has its headquarters in Dubai with its central tech team based in Portugal, and as its IPO filing shows, will be listed in New York.
Some good news!
What exactly are we celebrating? A business that not even one African is on its board ? Hmmm let me not go into details cos if I do, no one will buy into it. Better we do our research so well before joining the wagon. Good luck to everyone buying into it. Well, who am I to say, I’m only a sock seller 🤣
The only African thing about Jumia is it's consumers....would've been more excited if there was some African representation at the helm of affairs....
Great job to the team at Jumia
Co founded by two French men, domiciled in Germany, not aware of any African in top management. But sells to Africans. I guess we are starting somewhere.
Awesome post! Keep up the great work!🔥🔥