Jumia Hit With Investor Fraud Suit 1 Month After IPO

By John Petrick (May 15, 2019, 9:12 PM EDT) -- African e-commerce platform Jumia Technologies' initial public offering buzz fooled investors into thinking it was the "Amazon of Africa" when, in actuality, company officers were secretly stealing money out from under it, according to a proposed shareholder class action filed in New York federal court....

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