Acquisitions, more than IPOs, will create Africa’s early startup successes

TechCrunch | 4/20/2019 | Staff
Click For Photo: https://techcrunch.com/wp-content/uploads/2017/05/battlefield-africa-background21.png?w=711

Africa has made its global IPO debut. Pan-African e-commerce company Jumia—a $1 billion-valued company—began trading live on the NYSE last week.

The stock offering made Jumia the first upstart operating in Africa to list on a major global exchange.

Expectations - Unicorns - IPOs - Continent - Wave

This raises expectations for unicorns and IPOs to create the continent’s first wave of startup moguls. But unlike other markets, big public...
(Excerpt) Read more at: TechCrunch
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