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April 12, 2019, 10:32 a.m. EDT

Jumia shares skyrocket 32% after open

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By Tonya Garcia

Jumia Technologies AG ADR /zigman2/quotes/210570938/composite JMIA -8.51% began trading Friday morning and quickly jumped 32.6% after opening. Shares priced late Thursday at $14.50, about the midpoint of the $13-to-$16 expected range. Jumia is the top e-commerce site in Nigeria, and sells merchandise ranging from clothing to appliances across Africa. The Amplify Online Retail ETF /zigman2/quotes/206522380/composite IBUY -1.47% has gained 23.6% for 2019 so far while the S&P 500 index /zigman2/quotes/210599714/realtime SPX -1.51% is up 16% for the period.

/zigman2/quotes/210570938/composite
US : U.S.: NYSE
$ 2.58
-0.24 -8.51%
Volume: 825,972
April 3, 2020 6:30p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$197.07 million
Rev. per Employee
N/A
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/zigman2/quotes/206522380/composite
US : U.S.: Nasdaq
$ 38.83
-0.58 -1.47%
Volume: 42,296
April 3, 2020 4:00p
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/zigman2/quotes/210599714/realtime
US : S&P US
2,488.65
-38.25 -1.51%
Volume: 3.59B
April 3, 2020 5:10p
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