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 $23 billion valuation it is seeking, people familiar with the matter said on Tuesday.
Lyft started its IPO road show on Monday and has spent the last two days meeting with investors in New York, the sources said. It has set an indicative IPO price range of $62 to $68 per share and is set to price the IPO on March 28. There will be more meetings in Boston and New York this week between investors and co-founders Logan Green and John Zimmer, as well as Chief Financial Officer Brian Roberts and Catherine Buan, vice president of investor relations.
The executives also told investors they ultimately want to oversee a fleet of tens of millions of autonomous vehicles, according to the sources. The IPOs of Lyft and Uber represent a watershed for Silicon Valley’s technology unicorns, which for years have snubbed the stock market in favor of raising capital privately, with investors happy to back their frothy valuations.
Source: Entertainment Trends (entertainmenttrends.net)
Left is for losers who don’t have a friend cool enough to drive them around for a dime bag
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Lyft to launch road show for up to $2 billion IPO: sourcesRide-hailing platform Lyft Inc will launch the investor road show for its initia... IPO should be good, LaraLeaTrump! I’m pretty sure it’s caused by QAnon. Like Tucker said yesterday - “QAnon is a human trafficking effort located in Central, South Carolina”, right LindseyGrahamSC? MUFC Qanon8chan humantrafficking 2020Elections ArmyLife MilitaryStrong Will spend billions on roadshow but suing to avoid paying minimum wage to low income drivers in NYC?
Source: Reuters - 🏆 2. / 97 Read more »
Lyft will reportedly launch road show for up to $2 billion IPORide-hailing platform Lyft will launch the investor road show for its initial public offering on Monday, March 18. Titled, this unicorn is different.
Source: CNBC - 🏆 12. / 72 Read more »
Lyft to Seek Valuation of Up to $23 Billion in Its IPOLyft plans to peg its valuation at between $21 billion and $23 billion when the ride-hailing service kicks off the roadshow to market its initial public offering Monday, according to people familiar with the matter. Sell A $22b valuation is outrageous. The co. which is not only unprofitable but has bled more and more red ink every year of its existence will have nominal at best corporate governance. ) ) ) ) ( ) ) _(___(____)____(___(__ _ \\ If you can't afford to / \\ pay a living wage, / _ \\ you don't have /___ | \\ a viable / \\ business / \\__________ /
Source: WSJ - 🏆 98. / 63 Read more »
Lyft sets terms of IPO to raise up to $2.1 billionLyft Inc. set terms of its initial public offering, confirming the ride-hailing service is looking to raise up to $2.09 billion. The company said it offering 30.77 million Class A shares to the public, at an expected price of $62 to $68 a share. After the IPO, Lyft will have 271.37 Class A shares outstanding and 12.78 million Class B shares, holders of which will have 20 votes and can convert them into one Class A share, which was one vote. The Wall Street Journal originally reported the terms of the IPO late Sunday, which pegs Lyft's valuation at between $21 billion to $23 billion. The Class A shares have been approved to list on the Nasdaq Global Select Market under the ticker symbol "LYFT." The lead underwriters are J.P. Morgan, Credit Suisse and Jefferies. In 2018, Lyft recorded a net loss of $911.3 million, or $43.04 a share, after a loss of $688.3 million, or $35.53 a share, in 2017. Revenue more than doubled to $2.16 billion from $1.06 billion. Lyft is going public at a time that the Renaissance IPO ETF has run up 28% over the past three months and the S&P 500 has gained 11%. ill wait till it goes down 50% then grab a little. lyft
Source: MarketWatch - 🏆 3. / 97 Read more »
Lyft expects to raise as much as $2 billion in IPORide-hailing platform Lyft Inc said on Monday it would raise as much as $2 billi... To pay the drivers more Drivers in NYC keep saying they're switching over to Lyft so maybe the company is on to something. They've certainly got driver loyalty. Lyft
Source: Reuters - 🏆 2. / 97 Read more »
Ride-hailing service Lyft launches its IPO roadshow in Uber's shadowLyft expects to price 30.77 million shares between $62 and $68 per share, it said in a filing. That would raise as much as $2 billion in its IPO. If they’re ever required to pay drivers what we’re worth, Lyft will really be in trouble. The shorts are gonna love this one. Lyft and Uber offer no value for investors in the IPO. Both have yet to prove they can turn and a profit yet are being given significant valuations. I can see the price dropping significantly a la Blue Apron
Source: CNBC - 🏆 12. / 72 Read more »
Lyft Seeks Valuation of Up to $23 Billion in IPOLyft is pegging its valuation at between $21 billion and $23 billion as the ride-hailing service kicks off the roadshow to market its initial public offering Monday.
Source: WSJ - 🏆 98. / 63 Read more »
Lyft opens up its IPO road show, offers 30 million sharesIs Lyft actually worth that much? Everyone I know still uses Uber as a staple. Should be $6-$8 Then go from there. Bet it wouldn't hit $62 About $2 billion in capitol will be raised... Interesting note: The company posted a net loss of 911.3 million last year...
Source: ABC - 🏆 471. / 51 Read more »
Ride-hail firm Lyft launches IPO road show in Uber's shadowLyft Inc on Monday kicked off the investor road show for its initial public offe...
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GM considers options for its Lyft stake following IPOAs Lyft Inc cruises toward an initial public offering this month, one of the big...
Source: Reuters - 🏆 2. / 97 Read more »
Lyft IPO could be '$1 billion or more' windfall for California's coffers: ex-state treasurerCalifornia could reap a bonanza of '$1 billion or more' in new taxes from the upcoming stock offering of ride-hailing service Lyft, according to former California State Treasurer John Chiang. Why so many NON PROFITABLE COMPANIES IPO -ing? Cause the original investors need to recoup their money by selling it to the PUBLIC! CROOKS CNBC foxnews
Source: CNBC - 🏆 12. / 72 Read more »