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JumiaTechCrunch
•84% Informative
African e-commerce giant Jumia completed sale of 20 million American depositary shares (ADSs) The e-tailer sold the shares at an average price of $ 4.92 per ADS, generating gross proceeds before commissions and offering expenses of $99.6 million .
CEO Francis Dufay said the capital will “further strengthen our balance sheet and help us accelerate our growth trajectory as we progress along our path to profitability.
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