14 May 2019

Africa e-Tailer Jumia Issues Post-IPO Results Amid Short-Sell Assault

For Pan-African e-commerce startup Jumia, going public has been an up and down affair.

The company filed SEC IPO docs in March and saw its share rise 70% after listing on the NYSE in April at $14.50. Then last week, Jumia's stock tumbled when it came under assault from a short-seller accusing the company of fraud.

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