Jumia, an ecommerce company operating in 14 countries across Africa, has filed to go public on the NYSE under the symbol JMIA. A Bloomberg report from last month indicated an offering would value the company at about $1.5 billion. Headquartered in Berlin, Jumia is backed by MTN Group (29.7% pre-IPO stake) and Rocket Internet (20.6%) and received earlier VC funding from Summit Partners and JP Morgan Asset Management. The company reported a loss of €170.4 million (about $193 million) in 2018.
Berenberg Capital Markets, Citi Global Markets, Morgan Stanley