E-commerce giant, Konga, is working towards listing on three stock exchanges acposs three continents once it hits a valuation benchmark.
The company disclosed its decision to go public both locally on the Nigerian Stock Exchange (NSE) and internationally in New York and London respectively. This was revealed by one of the Chief Executive Officers (CEO), Konga Group, Mr Nnamdi Ekeh
According to Mr Ekeh, Konga has received enquiries not only from the NSE but also from the New York Stock Exchange (NYSE) and the London Stock Exchange (LSE). He added that it is bound to happen after its African expansion plan when Konga can boast as a multi-billion-dollar business. The company has come a long way from its prior N400 million monthly loss. Using new structures and resources, Konga has succeeded in gradually reducing monthly losses to about N100 million.
Konga was acquired by the Zinox Group in December 2018 and the company has since achieved enormous growth. Despite the capital intensive nature of the e-commerce sector, the CEO expressed optimism that the company has the advantage as a very innovative technology company.
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