Financing ·
Jumia Technologies AG entered into a Subscription Agreement with the International Finance Corporation (IFC) to issue…
JMIAJumia Technologies AG
Jumia Technologies AG entered into a Subscription Agreement with the International Finance Corporation (IFC) to issue 9,057,970 new ordinary shares for approximately US$25 million. Concurrently, Jumia sold 4,528,983 ADSs to Axian and other investors for an additional US$25 million. The transactions involve the issuance of 9,057,968 ADSs at a price of US$5.52 per ADS, generating expected gross proceeds of US$50 million. Existing shareholders' statutory subscription rights were excluded. Jumia intends to use the net proceeds to support growth in core African markets and strengthen its marketplace and logistics network. The deal is subject to customary closing conditions and is expected to close in the second half of August 2026.