Jumia, Africa’s largest e-commerce platform, filed paperwork Tuesday with the Securities and Exchange Commission for an initial public offering on the New York Stock Exchange. Wanting to one day be the Alibaba Group Holding Ltd. of Africa, the Lagos, Nigeria-based Jumia said it would be the first African technology company to list on the exchange. Its most recent funding round in 2016, when Goldman Sachs Group Inc. bought a stake, valued Jumia at about $1.2 billion, with that amount qualifying the company as the continent’s...

Source: Wall Street Journal March 12, 2019 19:30 UTC