Indications have emerged that Rocket Internet is preparing to introduce Jumia, its African e-commerce platform, on the New York Stock Exchange (NSE).
Citing sources, Reuters reported that the transaction is expected in the first quarter of 2019 and would be valued at $250 million.
It added that the management of this operation is entrusted to the banks Citi, Morgan Stanley and Berenberg.
This is not the first that Rocket Internet would be making such move. It recently introduced its Delivery Hero and HelloFresh lunchbox delivery services on the Frankfurt Stock Exchange, as did the Home24 furniture retailer. It is also announced the IPO of Westwing, another online furniture retailer.
Words have not been released regarding the volume of Jumia shares that Rocket Internet wants to float on the stock market; Ditto for the price of the action.
According to its financial results for the first half of 2018, Rocket Internet reported, on September 20, a consolidated profit of 197 million euros.
Jumia platform recorded a volume of goods sold worth € 315 million, up 67% compared to the same period in 2017.
