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Jumia Surges on US Debut as Africa’s Amazon Goes Public

Jumia Technologies AG shares soared by 54 percent on their first day of trading in New York, as investors rushed to buy into the company’s plans to extend online shopping services across Africa. The stock traded at $22.40 as of 12:27 p.m. local time on Friday, valuing the company at more than $1.7 billion. Jumia…

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