Lyft, '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.
Lyft was valued at close to $25 billion when shares started trading on Friday. Today, it's down as much as 20% from the Friday highs.
In the buildup to the IPO, the last private investment in the company came in June of last year, and valued Lyft at $15.1 billion. Those investors had a paper gain of over 60% on Friday, for just a 9-month holding period. For everyone else, remember, you're looking at a company that did a little over $2 billion in revenue, while losing almost a billion dollars. Most importantly, over the three years of data that Lyft shared in its S-1 filing, revenue growth has beenSo, you're buying a company that hopes to be profitable in seven years, to justify the valuation today. Keep in mind, this is a company that has only existed for seven years.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Lyft IPO: 5 things to know about the ride-hailing company ahead of its IPOLyft Inc. appears poised to beat rival Uber Technologies Inc. to an initial public offering, and that’s important for a number of reasons.
Baca lebih lajut »
Lyft pops in trading debut, settles to modest gainsLyft started trading Friday at $87.24 per share, marking the first debut from a heavyweight class of tech companies going public in 2019.
Baca lebih lajut »
Lyft falls further from IPO after receiving first 'sell' ratingLyft Inc's stock sank further below its IPO price on Tuesday after receivin...
Baca lebih lajut »
Lyft plunges below IPO price, sending cautionary message to other unicorns“This is a technical black eye,” one analyst says.“Investors will not forget.'
Baca lebih lajut »
Lyft IPO investors must have their head in the cloud to believe in this stockLyft IPO investors must have their head in the cloud to believe in this stock, says TimMullaney
Baca lebih lajut »
Carl Icahn sold Lyft stake ahead of IPOLongtime activist investor Carl Icahn sold his stake in Lyft prior to its initial public offering last week, according to sources familiar.
Baca lebih lajut »
Lyft shares fall again as analyst says buying the IPO here is 'leap of faith'Shares of Lyft fell for a second straight day after an analyst raised concern over the ride-hailing company's valuation.
Baca lebih lajut »
Lyft Shares Open at $87.24, Up 21% from IPO Price of $72Lyft’s shares jumped 21% in their stock-trading debut, as investors gobbled up the first public opportunity to buy into the future of ride hailing. The $87.24 opening price gives Lyft a valuation of roughly $30 billion.
Baca lebih lajut »
Lyft IPO reignites talk about Silicon Valley's contract labor problem — and the gig economyCoinciding with Lyft's stock market debut on NASDAQ on Friday, the founders plan to increase the company's workforce of independent employees. This is reigniting debate in Silicon Valley about how to compensate contract workers.
Baca lebih lajut »