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eCommerce Co Jumia Files US IPO

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Pan-African eCommerce company Jumia filed for an initial public offering (IPO) on the New York Stock Exchange (NYSE) on Tuesday (March 12). The company’s valuation, share price and timeline have yet to be determined, but if all goes well, Jumia will be the first African tech startup to list on a major global exchange.

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Etsy: From Hot To Not To Hot Again

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billion valuation and shares trading at $14-16 a share. At its post-IPO valuation and share price, Etsy was roughly 52 times its adjusted earnings. A pretty impressive feat, considering at the time of its IPO Etsy wasn’t actually profitable yet. A little over a year ago, Etsy IPOed, mostly to a round of applause.