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Rocket Internet considers Jumia IPO – report

Monday 19 March 2018 | 10:33 CET | News
German start-up investor Rocket Internet is exploring a stock market listing of loss-making African online shopping platform Jumia, Reuters reported, citing unnamed people close to the matter. The investor is expected to mandate banks shortly for an initial public offering of Jumia, , they added. Rocket Internet, which helped set up the company in 2012, is seeking an exit from the consumer electronics and fashion retailer, in line with its strategy of selling or listing established internet firms. 

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Categories: Internet
Companies: Jumia / Rocket Internet
Countries: Africa
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