Is Jumia worth more than GTBank? The E-commerce giant hits $3.9 Billion Cap on First Trading Day

Following’s reports on how e-commerce giant, Jumia started on its first day at the NYSE with an opening price of $14.50 and later the stock traded at the close of the day at $25.46 per share.

Jumia had a great day on the New York Stock Exchange last Friday. The e-commerce company surged more than 75{568489cf35ea458dc74a642d4e9df9f8045a1623c75cd416c14940fd0c12fbd1} on its first day as a public company.

Jumia at market cap of $3.9 billion is now worth more than GTBank, Nigeria’s largest bank by market cap.

The stock opened at $14.50 per share and ended at $25.46.

And as it stands, Jumia has filed paperwork at the NYSE to go public.

Lets not also forget that they recently hired an NBA superstar. Jumia brought Andre Iguodala into its Board, Andre plays for Golden State Warriors, an NBA team.

With this feet we think Jumia will lift its brand in U.S. as it pushes for the journey to IPO, possibly in U.S.”

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