Jumia to List on New York Stock Exchange

Jumia, the pan-African e-commerce giant has filed for an IPO on the New York Stock Exchange, documents on US Securities and Exchange Commission reveal.

Jumia CEO Sacha Poignonnec also confirmed the development to TechCrunch, adding that valuation, share price and timeline for public stock sales will be revealed in the coming weeks.

Poignonnec said that the minimum SEC timeline for beginning sales activities is 15 days after filing first documents.