Heard on the Street: Lyft has plenty of money to burn and will likely keep doing so
As Lyft begins pitching itself to investors in earnest this week, only a certain type need apply: those with ample patience and a strong stomach.
The ride-hailing company is kicking off its initial public offering roadshow this week ahead of an expected listing on the Nasdaq next week. In an amended filing Monday morning, Lyft said it is planning to sell about 30.8 million shares at a price range of $62 to $68. The offering ultimately could result in a market value in the low $20 billion range—well above the company’s latest...
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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.
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Lyft makes flattering “contribution” to accountingThe term commonly means revenue less variable costs. The ride-hailing firm’s take on it excludes even some of those outlays and suggests healthy profit in the future. Like WeWork’s “community-adjusted EBITDA” prospective IPO investors should probably ignore the metric altogether.
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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...
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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...
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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.
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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.
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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.
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Lyft leaves investors with options – and questionsThe ride-hailing firm’s newly disclosed IPO valuation target tops out at $23 bln. That’s compatible with a $100 bln-plus price tag for Uber. Yet both are a big stretch with no profit in sight. Lyft has flaws all its own, too, led by governance. If it’s a choice, it’s not easy.
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Ride-hail firm Lyft launches IPO road show in Uber's shadowLyft Inc on Monday kicked off the investor road show for its initial public offe...
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Lyft could be profitable in 3 years, analyst saysLyft could turn a profit as early as 2022 as it is “well on its way to becoming a one-stop shop for on-demand transportation,” say analysts at Morningstar in...
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