Romania’s largest online retailer eMAG, owned by Africa’s biggest company, Naspers, is considering an initial public offering (IPO) in Bucharest and probably on another exchange too.

The potential IPO would come after eMAG posted three consecutive years of profit and boosted revenue to more than €1bn (about R16.48bn) in 2019, CEO and minority shareholder Iulian Stanciu said in Bucharest. He declined to give details about the potential timing or the size of the planned offering...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.