• Home
  • Terms and Conditions
  • Privacy Policy
  • Copyrights & DMCA
  • Cookie Policy
  • Contact Us
Wednesday, May 31, 2023
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
February 27, 2023
in Business, Market
0
Lyft valued at $24bn ahead of share market debut

Lyft valued at $24bn ahead of share market debut 1Lyft’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.

Article Summary show
READ ALSO
How to Write a Business Plan for Your New Business?
KRBP Stock Trading Guide – What Is KRB Stock?

READ ALSO

How to Write a Business Plan for Your New Business?

KRBP Stock Trading Guide – What Is KRB Stock?

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

How to Write a Business Plan for Your New Business?
Business

How to Write a Business Plan for Your New Business?

May 30, 2023
KRBP Stock Trading Guide – What Is KRB Stock?
Stock

KRBP Stock Trading Guide – What Is KRB Stock?

May 16, 2023
Job For Food Industry – How To Get A Food Industry Job?
Business

Job For Food Industry – How To Get A Food Industry Job?

May 10, 2023
Why Is It Hard To Find A Good Business Name?
Business

Why Is It Hard To Find A Good Business Name?

April 24, 2023
The inventory marketplace is rapidly dropping its largest driving force of profits as worldwide alternate tensions flare
Stock

The inventory marketplace is rapidly dropping its largest driving force of profits as worldwide alternate tensions flare

March 26, 2023
Yes Bank inventory rate jumps 10% after falling to double digits for first time in 5 years
Stock

Yes Bank inventory rate jumps 10% after falling to double digits for first time in 5 years

March 26, 2023
Next Post
Record foreign inflows push Sensex up 7.5 percent in March

Record foreign inflows push Sensex up 7.5 percent in March

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

  • Garbage Can Cleaning Services – What Are The Benefits?
  • How to Write a Business Plan for Your New Business?
  • How to Make Crocs Bigger (In The Future)
  • The Culture of Customer Service – How it Affects Your Company
  • Executive Car Rental Reviews – How to Choose the Right One for You
  • Home
  • Terms and Conditions
  • Privacy Policy
  • Copyrights & DMCA
  • Cookie Policy
  • Contact Us

© 2021-2023 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

© 2021-2023 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