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Acquisitions, more than IPOs, will create Africa's early startup successes

Published by Techcrunch on Sat, 20 Apr 2019


Africa has made its global IPO debut. Pan-African e-commerce company Jumia'a $1 billion-valued company'began trading live on the NYSE last week. The stock offering made Jumia the first upstart operating in Africa to list on a major global exchange. This raises expectations for unicorns and IPOs to create the continent's first wave of startup moguls. []
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