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Stock impact report

Jumia Announces the Completion of its At The Market Offering

Jumia Technologies AG American Depositary Shares, each representing two Ordinary Shares (JMIA) 
Company Research Source: Business Wire
BERLIN--(BUSINESS WIRE)--Jumia Technologies AG (“Jumia”), the leading pan-African e-commerce platform, announced that it has completed its “at the market” offering. All 8,962,961 ADSs offered by Jumia were sold at an average price of $38.90 per ADS, generating aggregate gross proceeds of $348.6 million. Proceeds, net of commissions and estimated expenses, are expected to be $341.2 million. Jumia intends to use the net proceeds from this offering for general corporate purposes.On March 18, 2021, Jumia filed a prospectus supplement with the Securities and Exchange Commission for the sale of 8,962,961 ADSs through an “at the market” offering with Citigroup Global Markets Inc. as Jumia’s agent.About JumiaJumia is the leading pan-African e-commerce platform. Jumia’s platform consists of its marketplace, which connects sellers with consumers, its logistics service, which enables the shipment and delivery of packages from sellers to consumers, and its payment service, which facilitates t Show less Read more
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