Jumia Technologies AG

Jumia Technologies AG was incorporated on June 26, 2012, as a limited liability company under German law. On January 31, 2019, the company changed its legal form to a German stock corporation and its name to Jumia Technologies AG. On April 12, 2019, its ADSs, each representing two ordinary shares, began trading on the New York Stock Exchange under the symbol "JMIA". Concurrently with its initial public offering, Mastercard purchased 50.0 million ordinary shares in a private placement. The company received $280.2 million in net proceeds from its initial public offering and the corresponding private placement with Mastercard and issuance of shares to existing shareholders. In December 2020, the company completed an equity offering, receiving $231.4 million in net proceeds. In March 2021, it completed a second equity offering, receiving $341.0 million in net proceeds. In August 2024, the company completed another equity offering.