Quick Take
Jumia Technologies (JMIA) went public in April, 2019, raising $196 million in the offering along with a concurrent private placement of EUR50 million by Mastercard (MA).
The firm sells a wide variety of consumer goods via an online website marketplace aimed at consumers in Africa.
JMIA is growing gross profit but high negative EBITDA is a focus for management in 2020 as the company seeks to proceed toward profitability.
My bias on the stock is Neutral until management produces progress on EBITDA.
Company
Berlin, Germany-based Jumia was founded in