Investors packed the penthouse of a $1,000 a night hotel for Lyft's IPO roadshow stop in NYC
Lyft CEO Logan Green arrives at New York's St. Regis Hotel on the company's roadshow ahead of its highly anticipated IPO.executives met with 400 investors at New York's St. Regis hotel on Thursday for its pre-IPO roadshow.
Lyft stressed that it would not engage in a price war with Uber by lowering the rates it charges consumers to use its ride-hailing service, several people at meeting told Business Insider. But it warned that it could easily losein the US over the past two years if Uber decides to"compete hard" on price.
Green and Zimmer, Lyft's co-founders, stepped out of a Suburban about an hour after guests arrived. Thanks to, the two cofounders will retain significant voting control after the offering. While the share structure has raised complaints among some shareholder rights advocates, there were no questions about the topic during the one hour meeting.
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