Africa has achieved IPO for the first time. Jumia – a company worth $ 1 billion –Trading started directly On the New York Stock Exchange last week.
The Jumia stock offer made the first start-up company in Africa to be listed on a major global stock exchange.
This raises expectations for monopolies and initial IPOs to create the first wave of emerging entrepreneurs on the continent. But unlike other markets, large public lists and nine-digit ratings may still be rare in Africa.
The rise of investment arms and acquisitions of startups will be more important than IPOs in creating early successes in Africa.
I will separate the cause. First, a quick summary.
Primer on African technology
Everyone may not realize that, but yes, Africa has a thriving technological landscape. When measured in monetary terms, they are small according to the standards of Shenzen or Silicon Valley.