Cases
Jumia Technologies AG (NYSE: JMIA)
Securities Class Action
Overview
Overview
- Date:
- 5/10/2019
- Company Name:
- Jumia Technologies AG
- Stock Symbol:
- JMIA
- Status:
- Closed/Complete
NEW YORK, May 10, 2019 – Bragar Eagel & Squire, P.C. is investigating potential claims against Jumia Technologies AG (NYSE: JMIA) on behalf of Jumia stockholders. Our investigation concerns whether Jumia has violated the federal securities laws and/or engaged in other unlawful business practices.
On May 9, 2019, Citron Research published a report questioning data contained in Jumia’s April 2019 IPO materials versus data contained in an October 2018 confidential presentation. The report accuses Jumia of (1) overstating certain financial metrics in the prospectus, and (2) omitting adverse information about the number of returned, undelivered, or canceled orders from the prospectus.
On this news, Jumia’s share price fell by more than 19%, closing at $26.89 on May 9, 2019.
If you purchased or otherwise acquired Jumia shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
On May 9, 2019, Citron Research published a report questioning data contained in Jumia’s April 2019 IPO materials versus data contained in an October 2018 confidential presentation. The report accuses Jumia of (1) overstating certain financial metrics in the prospectus, and (2) omitting adverse information about the number of returned, undelivered, or canceled orders from the prospectus.
On this news, Jumia’s share price fell by more than 19%, closing at $26.89 on May 9, 2019.
If you purchased or otherwise acquired Jumia shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.