Jumia (JMIA), dubbed the “Amazon of Africa”, IPO’ed today (Friday 12th April) on the NYSE, selling 13.5 million American Depository Shares at $13 to $16.
I think not only would this be an excellent opportunity for Freetrade to offer access to the African continent via the NYSE, it will also be a great opportunity for all Freetrade users to invest into an exciting company in an exciting market.
It would be great to see it added to the Freetrade app!
First time I’ve seen a Jumia headline for a while, and I checked their share price, they had a stellar 2020. Anyone in on this?
The last I heard of them, there were fraud allegations. But from the article, Citron who initiated the fraud complaints, then went long. Sounds like the kind of manipulative bullshit that makes me glad they got burnt with Gamestop.