Africa's online retail unicorn Jumia files for New York IPO to raise up to $600m

Africa's online retail unicorn Jumia files for New York IPO to raise up to $600m

Snow falls in front of the New York Stock Exchange (NYSE) in New York, U.S., on Wednesday, Jan. 30, 2019. Photographer: Michael Nagle/Bloomberg

African online retailer Jumia Technologies AG started a plan to sell shares in New York as the fast-growing Nigerian firm seeks to take advantage of rising internet access and increasing smartphone use on the continent.

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