Lyft on Monday kicked off the investor road show for its initial public offering , seeking to woo money managers before its bigger ride-hailing rival Uber Technologies makes its stock market splash in April.
San Francisco-based Lyft said in a regulatory filing on Monday it aims to raise up to $2 billion in its IPO at a valuation of as much as $23 billion. Reuters first reported the details on Sunday, citing people familiar with the matter. Both Uber and Lyft are losing money, but Uber, which promotes itself as a global logistics and transportation company, is much larger and more diverse than Lyft whose core focus remains ride-hailing.
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
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.
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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 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 »
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 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 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 »
Ride hailing service Lyft to offer 30.8 million shares at $62 to $68 a shareAbsolute joke. A nationwide taxi cab company yet to turn a profit valued at $20 billion. Perhaps it’s “cool” to say you own it. Lyft Lyft said it aims to raise up to $2 billion in its IPO at a valuation of as much as $23 billion. I'm buying on god.
Source: CNBC - 🏆 12. / 72 Read more »
Uber will officially launch its IPO in April with its first public filingsThe ride-hailing giant follows Lyft, which filed its first public documents earlier this March. Oh Boy I can see all the suckers already lining up! Be smart and wait 3-6 months!
Source: BusinessInsider - 🏆 729. / 51 Read more »
Lyft hits the road ahead of Uber to lure investors - Reuters TVRide-hailing platform Lyft will launch the investor road show for its initial public offering on Monday, seeking to raise as much as $2 billion and to be valued at more than $20 billion, according to people familiar with the matter. TV I like Uber. 😊
Source: Reuters - 🏆 2. / 97 Read more »
Investor group calls on Lyft to scrap dual-class share structure plan: FTA group of investors has called on Lyft Inc's board to scrap a proposed dua... yea
Source: Reuters - 🏆 2. / 97 Read more »