Jumia: The ‘Amazon of Africa’ stocks climb over 75% on first day of trading

Jumia Technologies, also known as the Amazon of Africa, is an e-commerce African unicorn that debuted on the New York Stock Exchange yesterday. The company, which is the largest e-commerce operator in Africa, started the day with a stock opening price of $14.50 and by the end of the day the stock was up by… Read More Jumia: The ‘Amazon of Africa’ stocks climb over 75% on first day of trading

Uber reveals that they may not make a profit in IPO documents

Everyone’s been talking about Uber going public this year and with the latest news we now know that their IPO will be taking place some time next month. Uber themselves have not disclosed how much they will price each of their shares at but it’s been reported, by people familiar with the matter, that they… Read More Uber reveals that they may not make a profit in IPO documents

S&P 500 slips and Apple Inc shares drop after showcase

Yesterday was a worrisome day for the S&P 500 with their inconsistent Index session ending slightly lower as Apple Inc shares fell after they unveiled their video streaming service Reuters reports. Throughout the session Indexes moved into positive and negative figures with nail-biting investors keeping an eye on the U.S. Treasury market. The downtrend of… Read More S&P 500 slips and Apple Inc shares drop after showcase