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Jumia raises $196 million for its IPO

(Bloomberg)—Jumia Technologies AG raised $196 million in an initial public offering in New York, as the Africa-focused online retailer and market place looks to boost its profile and expand an ever-growing customer base. Jumia sold 13.5 million American Depositary Shares at $14.50 each, in the middle of a marketing range of $13 to $16, it […]

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