NEW YORK: Lyft Inc's initial public offering is oversubscribed based on commitments made so far by investors, making it more likely that the ride-hailing startup will fetch or even exceed the US$23 billion valuation it is seeking, people familiar with the matter said on Tuesday.
The exact level of oversubscription could not be learned. The sources cautioned that the IPO price is still uncertain and they asked not to be identified because the matter is confidential.Lyft's progress in its IPO could bode well for larger rival Uber Technologies Inc, which is planning to kick off its IPO in April, Reuters has reported. It has been valued by investment bankers at as much as US$125 billion.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Uber, Lyft may yet save year from worst ipo start since 2016[SAN FRANCISCO] Uber Technologies Inc's plan to go public could rescue 2019 from a disappointing first quarter for US initial public offerings. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Lyft to launch road show for up to US$2 billion IPO: sourcesRide-hailing platform Lyft Inc will launch the investor road show for its initial public offering on Monday, seeking to raise as much as US$2 ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Lyft to launch road show for up to US$2 billion IPO - sourcesRide-hailing platform Lyft Inc will launch the investor road show for its initial public offering on Monday, seeking to raise as much as US$2 ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Lyft expects to raise as much as US$2 billion in IPORide-hailing platform Lyft Inc said on Monday it would raise as much as US$2 billion in initial public offering.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Ride-hailing platform Lyft to launch investor road show for IPORide-hailing platform Lyft will launch the investor road show for its initial public offering (IPO) today, seeking to raise as much as US$2 billion (S$2.7 billion) and to be valued at more than US$20 billion, said sources. It aims to get investors to make large commitments...
Source: thenewpaper - 🏆 7. / 63 Read more »
Ride-hail firm Lyft launches IPO road show in Uber's shadowRide-hailing platform Lyft Inc said on Monday it would raise as much as US$2 billion in initial public offering.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Ride-hailing firm Lyft launches IPO road show in Uber's shadowRide-hailing platform Lyft Inc said on Monday it would raise as much as US$2 billion in initial public offering.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
GM considers options for its Lyft stake following IPOAs Lyft Inc cruises toward an initial public offering this month, one of the big winners will be General Motors Co, whose stake in the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Exclusive: Uber plans to kick off IPO in April - sourcesNext month, Uber will issue its required public disclosure, known as an S-1, and launch its investor roadshow, the people said. The timing for Uber's IPO means it will most likely hit public markets soon after Lyft completes its own public offering, which is expected to happen by the end of March
Source: YahooSG - 🏆 3. / 71 Read more »
Exclusive: Uber plans to kick off IPO in April - sourcesRide-hailing company Uber Technologies Inc is planning to kick off its initial public offering in April, putting it close on the heels of its ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »