Sejemnet Technology Software Development Jumia Technologies stock, capitol technology universities rise in post-Billionaire IPO

Jumia Technologies stock, capitol technology universities rise in post-Billionaire IPO

Jumium Technologies, Inc., an online education technology company that provides educational materials to individuals and organizations around the world, is now valued at $10.6 billion, a company spokesperson confirmed to CNBC on Tuesday.

The stock jumped nearly 25% in the second quarter after the company announced a $1.6 million initial public offering, raising $2.1 billion in the process.

The IPO was widely viewed as a bold bet on the future of education technology and the internet.

While the stock was trading at $2,200 at the time of this report, Jumialets stock price has increased to $10,826 from $6,500.