Jumia plans to raise millions by selling 18 million shares

Africa-focused eCommerce company, Jumia, is looking to raise millions of dollars from investors by selling 9 million American depositary shares (ADS) and 18 million ordinary shares. The company made this filing on March 18, 2021. ADSs are stocks offered by non-US companies, available to be purchased by US investors. Secondary sales like this are usually […]