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Amid the Coronavirus outbreak, a stock has performed very well lately. We talk about Chewy Inc. ( CHWY ). CHWY priced its IPO at $22 per share in June 2019 and the lockup period expired in December 2019. The stock currently stands at about $42 per share and we believe it's ridiculously...
Jumia Technologies AG (NYSE: JMIA) (“Jumia” or the Company) today issued the following letter to shareholders. The text of the letter follows: April 17, 2020 Dear shareholders, As the global COVID-19 pandemic continues to spread in Africa, we wanted to update you...
Salary cut for the two co-CEOs and an intervention fund for essential staff are the latest actions taken Africa’s leading e-commerce platform, Jumia, has announced a number of actions to support the fight against the COVID-19 pandemic. “ The last few weeks have been u...
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 A...
COVID-19 has started to spread in Africa, and governments on the continent are taking proactive steps to slow the coronavirus pandemic by instituting strict social distancing measures. This creates an opportunity for Jumia Technologies (NYSE: JMIA), which is moving to bring African commerce ...
Jumia Technologies (NYSE: JMIA ) shares are up 18.7% after Tellimer analyst Nirgunan Tiruchelvam upgrades the company to Buy on potential M&A interest from the likes of Amazon and Alibaba. More news on: Jumia Technologies AG, Tech stocks news, Stocks on the move, Read m...
The e-Commerce platform to offer the full support of its ecosystem to help protect communities on the continent Africa’s leading e-Commerce platform, Jumia, has offered the support of its integrated ecosystem which includes a marketplace, logistics and online payments to gover...
If Jumia Technologies (NYSE: JMIA) offers anything, it's potential. In the best-case scenario, the startup could become the African version of North America's Amazon.com (NASDAQ: AMZN) or Latin America's Mercadolibre (NASDAQ: MELI) -- two multi-billion-dollar e-commerce giants t...
The partnership is a joint global response against the spread of COVID-19 in 8 of the markets where Jumia operates. Jumia (NYSE:JMIA), the leading e-commerce platform in Africa has today announced a major partnership with Reckitt Benckiser, the global health products manufacturer to he...
Source: Author Jumia's ( JMIA ) valuation has touched new lows since its last conference call . After highlighting possible headwinds from COVID-19, the updated profitability and cash flow guide wasn’t enough for investors to believe the company's share price is worth more than it...
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