MELI - Why Is Everybody Talking About Jumia Stock?
Jumia Technologies (NYSE: JMIA) is an internet retailer that is focused on several countries in Africa, including Nigeria, Egypt, and South Africa. After its April 2019 initial public offering at $14.50 a share, the bulls immediately drove its price up to $25 to close its first day of trading, and $40 not long after that.
The market was excited about Jumia in part based on the fantastic results that other internet retailers like Amazon (NASDAQ: AMZN) , Sea Limited (NYSE: SE) , and MercadoLibre (NASDAQ: MELI) have achieved.
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Why Is Everybody Talking About Jumia Stock?