London — While and its Fang cohort have grabbed the headlines, some of the biggest stock-market winners in Europe during the coronavirus pandemic may be companies you have never heard of.

Investors seeking stellar returns have been snapping up shares of small companies that range from e-commerce merchants to mobile-game makers. Shares of German retailers Westwing and Home24 and Sweden’s Lyko and Boozt have more than doubled this year, outpacing Amazon’s gain of about 70%. Away from retail, LoopUp, which makes software for video conference calls, and game maker G5 Entertainment also have soared...

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