Worldline Shares Plunge in Latest Blow to Europe’s Fintechs
- Stock plummets to all-time low after cut to growth guidance
- Warning follows Adyen’s sales miss, CAB Payments share plunge
This article is for subscribers only.
Worldline SA shares plummeted a record 59%, erasing €3.8 billion ($4 billion) of market value, after the French payments company cut its sales outlook in the latest warning from Europe’s fintech companies.
The stock’s plunge echoes August’s huge fall in peer Adyen NV and follows Tuesday’s 72% drop in fintech CAB Payments Plc. Shares in Adyen declined 7.5% on Wednesday, while another peer, Nexi SpA, slid 18%.