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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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Petco Files For IPO As Demand For Pets Surges During Pandemic 

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The number of shares and the pricing have not yet been released. . Pets are anticipated to stay popular, with the number of households with pets going up 4 percent in 2020 alone. The pet retail chain is also moving towards profitability after net losses the past two years. It could be looking for a $6 billion valuation.

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The Connected Economy’s 10 Biggest US IPOs Of 2020

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Here are a few of the more noteworthy ones, listed in order of valuation at the time of going public: 1. The company also reported a $23 million profit for the second quarter — its first black ink in history. However, GoodRx reported a $50 million Q3 loss in November, helping to send the stock partly back downward.

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Survival Mode: Fashion Retailers Slash Prices

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For example, Thinknum , which tracks eCommerce retail, found that in January, Lululemon had 1,060 items on sale. According to Edited , the number of new styles posted by U.S. Saks: 10 percent base discount with selected items at 70 percent off. Even brands that are usually immune to discounting have had to play. In the U.K.,

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Big Fizzles For Once High-Flying Unicorn Investors

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The problem with large investments – the type that run into the billions of dollars – is that just as gains can be astronomical, the losses can be devastating. billion rescue, and also said it had taken its valuation of the beleaguered workspace company down by 80 percent, to around $5 billion at the end of the most recent quarter.

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Red Ink A Red Flag In Deliveroo Takeout Speculation?

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Startup notches mounting losses, because as everyone knows, you’ve got to spend money to make money. But profitability looks elusive, and becomes less a question of “when?” 1, the company said that pre-tax losses for last year were 185 million pounds, up from 129 million pounds in the previous year. Startup gains top line.

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The Rumble In Big Retail’s Jungle

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After employing a number of moves earlier in the fight to disorient Foreman and force him to waste his power on punches that missed their mark, Ali lured Foreman into attacking him against the ropes so as to tire him out. For Uber and Lyft, this is pure profit to the bottom line that keeps drivers happy by giving them more work.

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