Home › Jumia places 8 million ADS for USD 231 mln
 

Keywords :   


Jumia places 8 million ADS for USD 231 mln

2020-12-03 13:34:00| Telecompaper Headlines

(Telecompaper) Jumia said it has completed the sale of an offering of 7.97 million American Depositary Shares (ADSs) at an average price of USD 30.51 per ADS, generating aggregate gross process of USD 243.2 million. Net of commissions and expenses, proceeds are expected to be USD 231.4 million. Jumia intends to use the net proceeds for general corporate purposes. [ more ]

Tags: million places ads usd

Category:Telecommunications

Latest from this category

All news
19.03Discover the Blueprint for UK Healthcare's Digital Transformation
Telecommunications »
02.04What is stamp duty and how is it changing?
02.04Heathrow Airport boss apologises for fire shutdown
02.04Council offers grants to help with cost of living
02.04'National Insurance rise may force us to close'
02.04Trump tariffs 'could cost NI firms 100m'
02.04Trump-endorsed news channel sees shares surge 2,200%
02.04Trump-endorsed news channel sees shares surge 2,200%
02.04Trump is pressing the nuclear option on tariffs
More »