Jumia jumps to top of 2019 IPO leaderboard in 2nd day of trade

Silk Road Medical

15/04/2019 19:46

** Shares of Jumia Technologies  JMIA.N  jumping 55% in
their 2nd day of trading, after Africa e-commerce co surged 76%
in debut on Fri
    ** JMIA recently trading around $39.50 vs IPO price of
$14.50/ADS and co currently best-performing U.S. IPO of 2019
with ~172% return, per Thomson Reuters data
    ** Chinese online stockbroker Up Fintech  TIGR  now 2nd best
IPO of the year so far with 133% gain since pricing its IPO at
$8 last month  urn:newsml:reuters.com:*:nL3N2173IU
    ** Medical device makers Shockwave Medical Inc  SWAV.O  and
Silk Road Medical  SILK.O  are next best; both cos' stocks are
up ~75% since going public in Mar and early Apr, respectively
 urn:newsml:reuters.com:*:nL1N20U0PR  urn:newsml:reuters.com:*:nL1N21M0R8    
    ** JMIA raised $196 mln in its IPO, pricing its offering at
midpoint of $13.00-$16.00 range. Filing https://www.sec.gov/Archives/edgar/data/1756708/000119312519105752/d650749d424b4.htm
    ** Based in Germany and focused on Africa, JMIA offers
online shopping, logistics and payment services, but is losing
money. Co is seen as bet on rapid urbanization and economic
growth in Africa  urn:newsml:reuters.com:*:nL8N2102BI

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lance.tupper@tr.com 646-223-5017))