Naspers company in Romania considers IPO
The country’s largest online retailer has boosted revenue to more than €1bn
10 February 2020 - 17:33
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...
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