Lyft Reveals Its IPO Price Range and Fundraising Goals
- 5 years ago
Lyft Reveals Its IPO Price Range
and Fundraising Goals For its Wall Street debut, the company says shares will be priced around $65. According to TechCrunch, Lyft aims to sell over 31 million shares. Lyft adds that stock sales will propel them to raise just over $2 billion. Should expectations be met, Lyft would
be worth up to
$23 billion come the first day of trading. Thanks to internal issues with main rival Uber, Lyft's market share in the U.S. has nearly
doubled since early 2017. Losses for the company have recently gone over $900 million, but that hasn't worried investors. CNN reports that Lyft's future, especially with driverless cars, is what's raising its appeal.
and Fundraising Goals For its Wall Street debut, the company says shares will be priced around $65. According to TechCrunch, Lyft aims to sell over 31 million shares. Lyft adds that stock sales will propel them to raise just over $2 billion. Should expectations be met, Lyft would
be worth up to
$23 billion come the first day of trading. Thanks to internal issues with main rival Uber, Lyft's market share in the U.S. has nearly
doubled since early 2017. Losses for the company have recently gone over $900 million, but that hasn't worried investors. CNN reports that Lyft's future, especially with driverless cars, is what's raising its appeal.