• Home
  • Terms and Conditions
  • Privacy Policy
  • Copyrights & DMCA
  • Cookie Policy
  • Contact Us
Sunday, February 21, 2021
Daw Rimiz
No Result
View All Result
  • Login
  • Home
  • Business
    • Technology
    • Market
    • Gold
    • Stock
    • Money
    • Travel
  • Food
    • Dessert
    • Drinks
    • Fast food
    • Recipe
  • Health
    • Fitness
    • Diet
    • Exercise
    • Sports
  • Lifestyle
    • Fashion
    • Music
    • Kids
  • Services
    • Errand Services
    • Customer Service
    • Care Services
    • Cleaning Services
    • Online Services
    • Office Services
    • Home Services
    • Transport Service
    • Writing Service
  • Pages
    • Terms and Conditions
    • Privacy Policy
    • Digital Millennium Copyright Act Notice
    • Cookie Policy
  • Contact Us
  • Home
  • Business
    • Technology
    • Market
    • Gold
    • Stock
    • Money
    • Travel
  • Food
    • Dessert
    • Drinks
    • Fast food
    • Recipe
  • Health
    • Fitness
    • Diet
    • Exercise
    • Sports
  • Lifestyle
    • Fashion
    • Music
    • Kids
  • Services
    • Errand Services
    • Customer Service
    • Care Services
    • Cleaning Services
    • Online Services
    • Office Services
    • Home Services
    • Transport Service
    • Writing Service
  • Pages
    • Terms and Conditions
    • Privacy Policy
    • Digital Millennium Copyright Act Notice
    • Cookie Policy
  • Contact Us
No Result
View All Result
DawRimiz
No Result
View All Result
Home Business

Lyft valued at $24bn ahead of share market debut

Donna Gilbert by Donna Gilbert
March 29, 2019
in Business, Market
0
Lyft valued at $24bn ahead of share market debut
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Lyft’s shares are set to start trading on the tech-dominated Nasdaq index on Friday.

The strong valuation makes it the largest company to go public since China’s Alibaba Group in 2014.

READ ALSO

Rs 2,000 cr of unclaimed dividends lying with investor protection authority

SREI Group signs term sheet to acquire AMC business of Essel Group

Lyft’s main rival, Uber, is also expected to float this year.

Technology-based firms Pinterest, Slack, and Postmates, are also scheduled to make their market debuts this year.

Earlier in the week, Lyft increased the indicative price range for its share offer to $70-$72 a share, up from $62-$68 previously.

Analysis: By Michelle Fleury, New York business correspondent

Lyft’s stock sale is a big moment for the tech industry.

Shares in the ride-hailing company were priced at $72 a piece. This was at the high end of expectations. It suggests a strong appetite from investors ahead of the company’s first day of trading as a public company.

For a firm that is not yet profitable, it provides validation of its business model, one that has established it as the number two player in the US.

Wall Street is clearly eager to take part in the massive growth in the ride-sharing industry. That bodes well for Lyft’s rival, Uber which looks set to make its debut soon on the New York Stock Exchange.

But there are risks: from regulatory uncertainty to the fierce competition likely to emerge as the autonomous vehicle market develops.

And given its dual-class share structure (Lyft is keeping voting control), investors are buying a little piece of a company in which they will have almost no say.

Lyft was launched in 2012 by technology entrepreneurs John Zimmer and Logan Green, three years after Uber was founded.

It remains the smaller company, with a limited international presence. Uber is expected to be valued at about $120bn when it goes public.

However, Lyft’s profile has risen over the last few years, as its larger rival was hit by the controversy surrounding it’s aggressive corporate culture and data collection practices.

Lyft now accounts for about 39% of the ride-share market in the US, up from about 22% in 2016, the company says.

Lyft’s revenues doubled in 2018 to reach $2.2bn, compared with $1.1bn in 2017, according to its filing with the US Securities and Exchange Commission (SEC).

However, its losses also increased. The company lost $911m in 2018, up from $688m in 2017.

Related Posts

Rs 2,000 cr of unclaimed dividends lying with investor protection authority
Business

Rs 2,000 cr of unclaimed dividends lying with investor protection authority

February 20, 2021
SREI Group signs term sheet to acquire AMC business of Essel Group
Business

SREI Group signs term sheet to acquire AMC business of Essel Group

February 20, 2021
Scientists successfully levitate objects with light
Business

Scientists successfully levitate objects with light

February 20, 2021
Security becomes a ‘smart’ business opportunity
Business

Security becomes a ‘smart’ business opportunity

February 20, 2021
Ericsson teaches Anil Ambani and India’s nascent bankruptcy system a lesson
Business

Ericsson teaches Anil Ambani and India’s nascent bankruptcy system a lesson

February 20, 2021
Nirav Modi arrested in London, to appear in UK court today
Business

Nirav Modi arrested in London, to appear in UK court today

February 20, 2021
Next Post
Antivirus Software for Business Market to Witness Huge Growth by 2025: Key Players – Symantec, McAfee, Trend Micro, Avast Software, ESET

Antivirus Software for Business Market to Witness Huge Growth by 2025: Key Players – Symantec, McAfee, Trend Micro, Avast Software, ESET

No Result
View All Result

Categories

  • Business
  • Care Services
  • Cleaning Services
  • Customer Service
  • Dessert
  • Diet
  • Drinks
  • Errand Services
  • Exercise
  • Fashion
  • Fast food
  • Fitness
  • Food
  • Gold
  • Health
  • Home Services
  • Kids
  • Lifestyle
  • Market
  • Money
  • Music
  • Office Services
  • Online Services
  • Recipe
  • Services
  • Sports
  • Stock
  • Technology
  • Transport Service
  • Travel
  • Writing Service

Recent Posts

  • How to Check the Airtel Number?
  • Rs 2,000 cr of unclaimed dividends lying with investor protection authority
  • SREI Group signs term sheet to acquire AMC business of Essel Group
  • Scientists successfully levitate objects with light
  • Security becomes a ‘smart’ business opportunity
  • Home
  • Terms and Conditions
  • Privacy Policy
  • Copyrights & DMCA
  • Cookie Policy
  • Contact Us

© 2020 Dawrimiz All Rights Reserved Dawrimiz.

No Result
View All Result
  • Home
  • Business
    • Technology
    • Market
    • Gold
    • Stock
    • Money
    • Travel
  • Food
    • Dessert
    • Drinks
    • Fast food
    • Recipe
  • Health
    • Fitness
    • Diet
    • Exercise
    • Sports
  • Lifestyle
    • Fashion
    • Music
    • Kids
  • Services
    • Errand Services
    • Customer Service
    • Care Services
    • Cleaning Services
    • Online Services
    • Office Services
    • Home Services
    • Transport Service
    • Writing Service
  • Pages
    • Terms and Conditions
    • Privacy Policy
    • Digital Millennium Copyright Act Notice
    • Cookie Policy
  • Contact Us

© 2020 Dawrimiz All Rights Reserved Dawrimiz.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In