Jumia prices IPO at $14.50, within the range

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Jumia Technologies, Africa's largest e-commerce platform, raised $196 million by offering 13.5 million ADSs at $14.50, within the range of $13 to $16. Jumia Technologies plans to list on the NYSE under the symbol JMIA. Morgan Stanley, Citi, Berenberg Bank and RBC Capital Markets acted as lead managers on the deal.

The article Jumia prices IPO at $14.50, within the range originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO) , Renaissance International ETF (symbol: IPOS) , or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines , IPOs

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