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African e-commerce startup Jumia files for IPO on NYSE

March 12, 2019 / Jake Bright

Pan-African e-commerce company Jumia filed for an IPO on the New York Stock Exchange today, per SEC documents and confirmation from CEO Sacha Poignonnec to TechCrunch.The valuation, share price and timeline for public stock sales will be determined over the coming weeks for the Nigeria-headquartered company.With a smooth filing process, Jumia will become the first African tech startup to list on a major global exchange.Poignonnec would not pinpoint a date for the actual IPO, but noted the minimum SEC timeline for beginning sales activities (such as road shows) is 15 days after submitting first documents. Lead adviser on the listing is Morgan Stanley