Jumia Technologies AG (JMIA) has released an update.
Jumia Technologies AG has entered into a Sales Agency Agreement to issue and sell over 40 million ordinary shares in the form of American Depositary Shares (ADSs) through RBC Capital Markets, LLC and Berenberg Capital Markets LLC. The offering is pursuant to a registration statement on Form F-3, effective as of August 29, 2023, and involves the use of American Depositary Receipts under a previously established Deposit Agreement. This strategic move aims to expand Jumia’s financial flexibility and market presence.
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