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Cramer: Lyft IPO likely to surge, drawing investors back to whole stock market

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[…]

stocks

Uber vs Lyft: Here Are The Highlights From Lyft’s IPO Filing

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[…]

1companynews

Lyft IPO could benefit diverse group of investors

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[…]