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.

Tags: million places ads usd

Category:Telecommunications

Latest from this category

All news
30.04Driving Innovation into Todays Automotive Market: Powering Stronger Customer Experiences
23.04Google Cloud Next 24 Highlights
22.04HIMSS 24 Healthcare IT Conference Hot Topics from AI to Partner Alliances
Telecommunications »
03.05Dilo Hosts Open House
03.05Spate Releases Top-Rising Skin Care Ingredients Report with Grant Industries
03.05Fedrigoni Self-Adhesives introduces compostable label material
03.05Meat Institute guidance fights child labor, identity fraud
03.05Meat Institute guidance fights child labor, identity fraud
03.05Ravenwood linerless materials approved for recyclability in ARL
03.05Getting the best out of a breeding operation
03.05Siegwerk further strengthens coatings portfolio
More »