On a strong day for the stock market, there were only a few big losers.
News & Analysis: Jumia Technologies AG - ADR
Shares of the African e-commerce company slipped after a news report detailed its struggles.
Shares of the African e-commerce leader dipped on concerns about the expiration of its post-IPO lockup period.
A high-end connected fitness specialist and a company once hailed as "the Amazon of Africa" have fallen from their IPO prices. They aren't likely to bounce back anytime soon.
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The Africa-focused e-commerce company is down roughly 25% from its IPO price following mounting losses and legal concerns.
When Jumia went public, investors rushed to participate in this African tech IPO. Shortly after, a report on fraud allegations damaged the company’s brand. Can Jumia earn back its title as the Amazon of Africa?
Shares of the African e-commerce operator dropped again after revealing more problems with its accounting practices.
JMIA earnings call for the period ending June 30, 2019.