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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.

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