Jumia Technologies (JMIA) Completes ATM, Raises $99.6M
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Jumia Announces Completion of At-the-Market Offering
August 16, 2024 9:06 AM EDTBalance 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 offering expenses of $99.6 million. Jumia intends to use the proceeds for general corporate purposes, as well as to help to support its continued efforts around customer acquisition, expand its supplier base, scale its... More
