on Jumia Technologies AG (NASDAQ:JMIA)
Jumia Completes At-the-Market Offering, Raising $99.6 Million
Jumia Technologies AG has completed its "at-the-market" offering, raising $99.6 million in gross proceeds. The funds were generated from the sale of 20,227,736 ADSs. This capital will support Jumia’s general corporate purposes, customer acquisition, supplier expansion, logistics scaling, and marketing technology improvement.
CEO Francis Dufay expressed satisfaction with the outcome, stating that the proceeds strengthen the company's balance sheet and accelerate growth on its path to profitability.
The prospectus was filed with the SEC on August 6, 2024, and RBC Capital Markets, LLC, and Berenberg Capital Markets LLC acted as agents.
R. H.
Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all Jumia Technologies AG news