The Jumia Group started its Initial Public Offer (IPO) with opening shares of $14.50 on the New York Stock Exchange (NYSE) on the 12th April 2019. The price surged to $21 within 24 hours, gaining about 60% in value. On the 15th April, JMIA (WKN: A2PGZM; ISIN: US48138M1053) was trading at $31.91. By being the
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