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Press Release: SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Jumia Technologies AG of Class Action Lawsuit and Upcoming Deadline – JMIA


NEW YORK, June 12, 2019 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Jumia Technologies AG (“Jumia” or the “Company”) (NYSE:  JMIA) and certain of its officers.   The class action, filed in United States District Court, for the Southern District of New York, and indexed under 19-cv-04952, is on behalf of a class consisting of all persons and entities who purchased or otherwise acquired Jumia securities between April 12, 2019 and May 9, 2019, inclusive (the “Class Period”), seeking to pursue remedies under the Securities Exchange Act of 1934 (the “Exchange Act”).
If you are a shareholder who purchased Jumia securities during the class period, you have until July 15, 2019, to ask the Court to appoint you as Lead Plaintiff for the class.  A copy of the Complaint can be obtained at www.pomerantzlaw.com.   To discuss this action, contact Robert S. Willoughby at @pomlaw.com">This email address is being protected from spambots. You need JavaScript enabled to view it. or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 9980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. [Click here for information about joining the class action]Jumia characterizes itself as the leading pan-African e-commerce platform, which, according to Jumia, consists of a marketplace that connects sellers with consumers, a package shipment and delivery service, and a payment service.
             
On March 12, 2019, Jumia filed a Form F-1 Registration Statement (the “Registration Statement”) with the Securities and Exchange Commission (“SEC”) for the Company’s initial public offering (“IPO”).  The Registration Statement, as amended, was signed by the Individual Defendants (defined below) and declared effective by the SEC on April 10, 2019.
             
On April 15, 2019, Jumia filed a prospectus with the SEC for the IPO (the “Prospectus”), which...


Posted: 2019-06-12 22:01:00

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