April 18, 2019 |
Rappi, a Colombian mobile delivery app, has signaled plans to sells shares on the Nasdaq stock market in 2021, but it needs to show it can turn a profit before it goes public, LatinFinance has heard.
"Their numbers are not very sexy. When you ask them about [the numbers], they say they still have many challenges and are consolidating growth," said Carlos Rodríguez, head of equity research at the Colombian brokerage firm Ultraserfinco.
The uncertainty around Rappi's growth plans could derail a
Colombian food delivery app has said it could sell shares on the Nasdaq in 2021, but analysts are not sure it will be ready