ATTENTION JUMIA INVESTORS: Kaskela Law LLC Announces Investigation of Jumia Technologies AG & Encourages Investors to Contact...

Kaskela Law LLC is investigating Jumia Technologies AG (NYSE: JMIA) (“Jumia”) on behalf of the company’s investors. The investigation seeks to determine whether Jumia violated the federal securities laws in connection with statements made to investors, and whether the company’s investors have been harmed as a result of such statements.

On May 9, 2019, Citron Research published a report alleging that Jumia has misrepresented to investors, among other things, its active consumer and active merchant figures. The Citron report further alleged that Jumia (i) “is a fraud and deserves immediate SEC attention” and (ii) “is the most expensive US listed ecommerce company with an unviable business.”

Following the publication of the Citron report, Jumia’s shares declined $6.22 per share, or nearly 19% in value, to close on May 9, 2019 at $26.89 per share. The following day the company’s shares continued to decline in value.

Investors who purchased Jumia’s shares prior to May 9, 2019 and suffered an investment loss in excess of $100,000 are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (888) 715 – 1740, or online at http://kaskelalaw.com/case/jumia-technologies-ag/, to discuss this investigation and their legal rights and options.

Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com.

This notice may constitute attorney advertising in certain jurisdictions.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190510005490/en/

D. Seamus Kaskela, Esq.KASKELA LAW LLC18 Campus Boulevard, Suite 100Newtown Square, PA 19073(484) 258 – 1585(888) 715 – [e-mail]