From CNBC: Jim Cramer says the highly-anticipated IPO could open as high as $100 a share. Lyft increased its expected IPO share price range to between $70 and $72 per share from between $62 and $68, and Cramer expected the price to go up to $75. The successful event will turn the spotlight back on the[…]
From Zero Hedge: Shortly after Uber reported that even as the company continues to grow, generating record revenue in the latest quarter, yet burning ever more cash to preserve market share and grow it business as shown by its increasingly more negative EBITDA… … on Friday, Uber’s biggest competitor Lyft finally filed its long-awaited IPO[…]
From Reuters, October 2017 (Reuters) – An initial public offering by Lyft Inc, the second largest U.S. ride services firm, could benefit a broad and diverse group of investors, from Chinese tech giants Alibaba (BABA.N) and Tencent (0700.HK) to a member of the Saudi royal family. Lyft Inc is close to hiring an initial public[…]
From CNBC October 2018 Lyft has selected J.P. Morgan to lead its initial public offering, CNBC has learned. Lyft could be valued at more than $15 billion in the public markets, according to a source familiar with the matter. Uber, Lyft’s main rival in the U.S., is planning to go public at around the same[…]