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Almost two weeks ago , TechCrunchreportedthat African e - commerce giant Jumia was planning to trade 20 million American depositary share ( ADSs ) and raise more than $ 100 million , sacrifice its part price of around $ 5.70 at the metre .
The e - tailer has now completed the at - the - market transaction offering of 20,227,736 ADSs . Jumia sell the portion at an average price of $ 4.92 per ADS , engender aggregate gross return before commission and offer expense of $ 99.6 million . TechCrunch report that Jumia would likely sell at that price .
Jumia CEO Francis Dufay said in a instruction that the capital will “ further strengthen our balance tabloid and help us quicken our development trajectory as we progress along our path to gainfulness . ”
Jumia ’s John Cash position presently stands at $ 92.8 million ( make up $ 45.1 million in cash and John Cash equivalents and $ 47.7 million in terminal figure deposits and other financial assets ) from its Q2 2024 , itsmost late fiscal report . That ’s compared to the political program ’s liquidness view of $ 120.6 million in Q4 2023 and $ 101.5 million in Q1 2024 .
Jumia land up the 2nd quarter of the class with 2 million active quarterly customers , representing a 6.0 % quarter - over - twenty-five percent increment compare to Q1 2024 and flat year - over - yr growth between Q2 2023 and Q2 2024 . “ Our client base is still comparatively minor , around two million dynamic consumer per quarter , while we make in marketplace with over 600 million people . So we can do much more on the customer al-Qa’ida , ” Dufaytold TechCrunch before guarantee his first secondary share sales agreement as chief executive officer earlier this calendar month .
Between 2020 and 2021 , when private and public markets were aflush with capital , the e - tailer raised almost $ 600 million by selling lowly part .
