Lyft Inc. 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.
The range, equating to between $62 and $68 a share, is preliminary and could change by the time the shares start trading around the end of next week. The company issued a filing outlining the range Monday, confirming a report by The Wall Street Journal on Sunday.
Source: News Formal (newsformal.com)
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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 is seeking a valuation of up to $23 billion as it embarks on its IPO roadshowLyft is the first ride-hailing firm to go public and will spark a slew of tech IPOs this year.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Arlington Board plans vote on Amazon incentives after lengthy hearingBoard is expected to okay $23 million in subsidies; opponents hope to postpone decision. Jeff Bezos' paper reporting on Jeff Bezos' business. On top of that, the issue is if that business should be awarded millions in taxpayer subsidies to undercut and bankrupt all the small businesses in the area. What a beautiful world we live in Had the Amazon package for NYC been put up to a vote, even one at the legislative level, you wouldn't have seen the backlash. The issue was the mayor and the governor negotiated behind closed doors and didn't involve the communities it was going to impact. Amazon fielding these tax incentive packages and shit is like the hottest girl in high school saying she’s going to prom with whoever takes her to the nicest dinner. “But also you have to be hot, obvs.” Seriously fuck Amazon for this parade of garbage news headlines.
Source: washingtonpost - 🏆 95. / 72 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 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 »
Virginia county approves Amazon incentives despite protestsARLINGTON, Va. (AP) — Protesters repeatedly shouted 'shame' as a northern Virginia county board Saturday unanimously approved a $23 million incentives package for Amazon to build a new... Corporate welfare. And following support Great news!
Source: AP - 🏆 728. / 51 Read more »