Jumia raises $348.6m from secondary shares; here's what it means for its business

Africas leading e-commerce company, Jumia has raised about $348.6 million from the sale of 8,962,961 American Depositary Shares in secondary offerings. The company had earlier announced its intent to raise around $400 million in asecondary share offering on March 18. At the time, its shares were trading at $49. a secondary share offering is when []The post Jumia raises $348.6m from secondary shares; heres what it means for its business appeared first on Technext.
Click here to read full news..