Good afternoon, Swvl’s market cap as of December 23rd is less than $15 million. This is what a lot of pre-seed stage startups in the region raised money at, last year - and some even in the first half of this year as well. Hovering around $0.10, its stock has lost almost 99 percent of its value YTD, and is among NASDAQ’s 15 worst performers (YTD) of the year.
Dec 26, 2022·edited Feb 4Liked by Zubair N. Paracha
This is very well written Zubair. I've been tracking Swvl myself for some time now and will be doing something around the SPAC deal. Would you mind a chat? Email is: signorabraham[at]gmail[dot]com
This is very well written Zubair. I've been tracking Swvl myself for some time now and will be doing something around the SPAC deal. Would you mind a chat? Email is: signorabraham[at]gmail[dot]com
SWVL fell like a house of cards!
"The fastest to .... " or "The youngest...." or "The biggest ....." these are the narrative that brings companies down