Jumia’s stock losing more than half of its value since its NYSE public IPO

Jumia, the ‘African’ ecommerce company that has its corporate headquarters in Dubai and operations in 14 African countries including Egypt, Morocco, Tunisia, and Algeria, continues to struggle after an initial good run at the New York Stock Exchange. It’s stock closed at $6.68, an all-time low, on Friday, with the market cap going down to ~$520 million. For the sake of context, the Rocket Internet-founded Jumia had become a unicorn (with a valuation of $1.08 billion) in 2016 (when it was known as Africa Internet Group or AIG) after raising…

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Alibaba IPO Pours Shares Into Shrinking Pool of Stock

Alibaba Group’s (BABA) initial public offering was a success by any measure. At $25 billion, it was the largest in history. Investors were so eager to add the Chinese e-commerce giant to their portfolios that the shares soared 38 percent on their debut, the biggest first-day jump for an IPO of at least $10 billion, according to data compiled by Bloomberg. When trading ended on Sept. 19, the company had a market value of $231 billion, more than Amazon.com’s (AMZN) and EBay’s (EBAY) combined. Some investors warned that the clamor for Alibaba shares could trigger a…

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