London CNN —Three months ago, CAB Payments stumbled when it went public on the London Stock Exchange, its shares falling nearly 10% on their first day of trading on a market that has been starved recently of new listings. The mood went from bad to worse Tuesday, however, when the fintech firm’s shares crashed nearly 74% after it issued a stark warning on revenues. The stock has now lost 82% of its value since listing. In a statement on Tuesday, CAB Payments said that it expects revenue this year would likely come in 17% below its previous guidance but still 20% up on 2022. CAB Payments’ stock was trading at almost 59 pence (72 cents) by 09.01 a.m.

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Persons: Merlin Midco Organizations: London CNN —, London Stock Exchange, Payments, Central, West African, Reuters, CAB, Helios Investment Partners, BlackRock Locations: Nigerian, Nigeria, Africa