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Lyft IPO’s biggest winner may be startups’ private valuations

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“There were some who thought the private markets were valuing some of these companies too high. This feels like early evidence that that isn’t the case.”

Ride-hailing’s No. 2 provider in the United States first raised its target range and then expanded its offering to raise US$2.34bil. While the shares closed Friday up only 8.

7% compared with the 21% surge at the opening bell, that’s still a validation by public investors of the company’s pre-IPO valuation, said Barrett Daniels, a Deloitte partner who specialises in IPOs.

Source: Digital Coin News (digitalcoinnews.net)

 

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