Lyft's rocky debut has been an exception to the hot IPO market so far this year.
In a sign IPO sellers are not tone-deaf, Pinterest is pricing its 75 million share IPO at $15-$17 a share, which at the $17 range would raise $1.3 billion and value the company at below the $12 billion it was valued at during its last round of fundraising in 2017.
But Lyft's rocky debut has been an exception. Since Levi Strauss went public on March 21, there have been eight IPOs with market caps over $100 million. The bad news is the gains have all been on the first day of trading, for the most part. The aftermarket return for the eight has been -1.0%.
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Pinterest seeks $15-$17 per share in IPO, below last private valuationPinterest Inc on Monday set a price range of $15 to $17 per share for its initia...
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Pinterest sets range for IPO at $15-17, expects to sell 75 million sharesOnline-imaging company Pinterest set a price range for its coming initial public offering at $15 to $17 dollars on Monday, as the company begins to market...
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Stock futures fall | GE shares dive | Pinterest sets its IPO priceFutures are pointing to a lower Wall Street open, meaning that the S&P 500's win streak could come to an end.
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Pinterest Sets IPO Price Range Below Last ValuationPinterest set a price range of $15 to $17 for its initial public offering, a range that is below where it last raised money privately, as the company begins its roadshow to pitch shares to investors.
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Pinterest Is Expected to Set IPO Price Range Below Last ValuationPinterest plans to set a price range for its IPO that is below where the online image-search company last raised money privately when it begins a roadshow to pitch the shares to investors Monday.
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Lyft falls further from IPO after receiving first 'sell' ratingLyft Inc's stock sank further below its IPO price on Tuesday after receivin...
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Lyft IPO Should Mark The End Of The 'Uber'- Exuberant Tech Cycle In Silicon ValleyLyft, 'lifted' to a valuation of close to $25 billion when shares started trading on Friday. Today, it's down as much as 20% from the Friday highs.
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Lyft sinks 12%, falls below IPO priceLyft's market debut offers something of a gut check for Uber, Slack and Pinterest.
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