Jumia Surged 75%, Hits $3.9 Billion Cap on First Trading Day on NYSE

Jumia had a great day on the New York Stock Exchange on Friday. The ecommerce company surged more than 75% on its first day as a public company. People, Jumia at market cap of $3.9 billion,  is now worth more than GTBank, Nigeria’s largest bank by market cap.  The stock opened at $14.50 per share and ended at $25.46. Jumia has done it: it has filed paperwork at the NYSE to go public. Last week, I wrote that its IPO was “imminent” after it hired an NBA superstar:  “It is very evident that Jumia will like to list in U.S. as early as … Continue reading Jumia Surged 75%, Hits $3.9 Billion Cap on First Trading Day on NYSE