Materiality pending
Public signal · 1-minute delayed
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Jumia raised $99.6 million from selling 20.2 million ADSs. CEO stated funds will strengthen balance sheet and growth path. Current cash position is $92.8 million, down from previous quarters. Jumia has 2 million active customers, indicating room for growth.
- Jumia raised $99.6 million from selling 20.2 million ADSs.
- CEO stated funds will strengthen balance sheet and growth path.
- Current cash position is $92.8 million, down from previous quarters.
- Jumia has 2 million active customers, indicating room for growth.
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