Uber Technologies and Lyft Inc. IPOs Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Uber Technologies and Lyft Inc. IPOs

UBER 92.16

-0.6%

Nov 6 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Glenn Petersen	3/27/2019 9:42:01 PM
	of 266

Lyft increases IPO price Kate Clark @kateclarktweets TechCrunch March 27, 2019 Lyft, expected to hit public markets in a landmark initial public offering Friday, has increased its share price range. In a new filing published Wednesday afternoon, the company outlined plans to charge between $70 and $72 per share. In an amended IPO prospectus filed last week, the company said it would sell 30.7 million shares at between $62 and $68 a piece. Following high demand from Wall Street — its IPO was said to be oversubscribed on the second day of its roadshow — Lyft has opted to ask for more from its public market investors. If Lyft sells 30.7 million shares at $72 apiece, it will bring in more than $2.2 billion at an initial valuation north of $20 billion. Lyft was previously valued at $15.1 billion by private market investors with a $600 million Series I round in 2018. Lyft plans to trade on the Nasdaq under the ticker symbol “LYFT.” Lyft posted $8.1 billion in bookings and $2.1 billion in revenues in 2018 on losses of $911.3 million. The company is rapidly shrinking its losses in proportion to revenue, recording revenues of $343.3 million in 2016 on losses of $682 million. According to its S-1, Lyft chief executive officer and co-founder Logan Green will have 29.31 percent share of the voting power of the outstanding stock, while co-founder and president John Zimmer will own 19.45 percent. techcrunch.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next