Jumia Technologies AG Sponsored ADR Stock News

Almost two weeks ago, TechCrunch reported that African e-commerce giant Jumia was planning to sell 20 million American depositary shares (ADSs) and raise over $100 million, given its share price of around $5.70 at the time.

Balance Sheet Strengthened with $99.6 Million in Gross Proceeds LAGOS, NIGERIA / ACCESSWIRE / August 16, 2024 / Jumia Technologies AG, (NYSE:JMIA) ("Jumia" or "the Company") a leading e-commerce platform in Africa, today announced that it has completed its previously announced "at-the-market" ("ATM") offering of 20,227,736 ADSs. The ATM generated aggregate gross proceeds before commissions and ...

Jumia Technologies suffered a 53.8% post-earnings loss despite positive financial results and guidance reaffirmation. A large secondary share offering was the likely cause of the collapse. CEO Francis Dufay plans to use the secondary offering funds for customer acquisition, accelerating supply, and market expansion beyond capital cities. Jumia's business uptrends remain intact with positive gro...

African e-commerce company Jumia is selling 10 million American depositary shares over the next couple of weeks, TechCrunch has learned. The at-the-market transaction is to take advantage of strong results despite a volatile market.

Jumia Technologies stock rallied 82% in the last 12 months but plunged 50% intraday after a weak Q2 earnings release. Q2 revenue missed estimates, negative EBITDA, and operating cash flow, with deteriorating liquidity position and negative GMV dynamics. Despite a 50% drop, JMIA stock remains overvalued, with the macro environment looking unfavorable as key economies where Jumia operates are str...

Jumia Technologies (NYSE: JMIA ) stock is taking a beating on Tuesday after the African e-commerce company posted earnings results from its second quarter of 2024. That Jumia Technologies earnings report starts off badly with its revenue of $36.5 million.

Execution Against Strategic Priorities Drives Continued Acceleration in Usage Trends Cash Management Initiatives Deliver Further Improvements in Cash Utilization LAGOS, NIGERIA / ACCESSWIRE / August 6, 2024 / Jumia Technologies AG (NYSE:JMIA) ("Jumia" or the "Company") announced today its financial results for the second quarter ended June 30, 2024. Results highlights for the second quarter 202...

As we inch closer to the first wave of interest rate cuts, it's an opportune time to consider emerging markets tech stocks. Over the past year or so, these tech giants have undergone a major correction, with analysts highlighting promising opportunities in often-overlooked areas.