Home Jumia seeks USD 1.5 bln value in US IPO, could help MTN cut debt - report
 

Keywords :   


Jumia seeks USD 1.5 bln value in US IPO, could help MTN cut debt - report

2019-02-11 09:50:00| Telecompaper Headlines

(Telecompaper) African online retailer Jumia is planning an initial public offering in New York this year that could value the business at about USD 1.5 billion, Bloomberg reported, citing people familiar with the matter. Jumia's largest shareholder MTN Group is planning to raise as much as USD 600 million by selling its shares through the IPO, said one of the people, who asked not to be identified as the information is not public. MTN and Jumia declined to comment.

Tags: report cut usd debt

Category:Telecommunications

Latest from this category

All news

16.08Freenet says to vote against Sunrise rights issue for UPC takeover
16.08Orange and Fiber Misr to launch subsea services collaboration in MENA
16.08Vodafone brings 5G to Berlin
16.08Survey begins for Google's Equiano Cable
15.08Vodafone Germany activates 5G network sites in Berlin
15.08Huawei delays launch of Mate X foldable smartphone again - report
15.08Alibaba growth continues with sales up 42% in June quarter
15.08Belgium Mobile Operators 2019 Q2- Excel
Telecommunications »
18.08Lime and soda? No thanks, say non-drinkers
18.08Can big investors save the world?
18.08Eastern North Pacific Tropical Weather Outlook
18.08Video Update 6 - Transcript
18.08Atlantic Tropical Weather Outlook
18.08Video Update 5 - Transcript
17.08Video Update 4 - Transcript
17.08Video Update 3 - Transcript
More »