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Companies to Watch in IPO-Land This Year

Barring total financial or governmental collapse, Uber Technologies Inc. and Lyft Inc. look destined to go public this year. In Uber’s camp, there’s Morgan Stanley, with Goldman Sachs Group Inc. expected to play a supporting role. Until the government reopens, Uber and Lyft are in a lurch.
Tags: Lyft, Science, Morgan Stanley, Goldman Sachs Group Inc, Uber Technologies Inc, Lyft Inc


Uber and Lyft IPOs Are in Limbo as Shutdown Threatens 2019 Listings

Nine days into the year, the U.S. government shutdown could ruin the fun before it even gets started. Uber Technologies Inc. and Lyft Inc., both of which have filed confidentially with regulators for initial public offerings, believe the shutdown could slow the timeline of their listings, according to people familiar with the matter. While the final outcome depends on how long it takes for the Securities and Exchanges Commission to reopen and how substantial the feedback is when it does, neith...
Tags: Science, Uber Technologies Inc, Lyft Inc, Securities and Exchanges Commission


The Dark Realities Women Face Driving for Uber and Lyft

Pagliocco has only been driving for about half a year, yet of the thousand or so rides that she's driven for Uber Technologies Inc. and Lyft Inc., she says a few hundred of those have led to inappropriate advances or uncomfortable encounters.
Tags: Science, Uber Technologies Inc, Lyft Inc, Pagliocco


Uber Is Said to File for an I.P.O. as It Races Lyft to a Public Debut

The offering, which is expected to be one of the biggest ever, puts the ride-hailing service neck and neck with its rival Lyft in a race to the public markets.
Tags: Lyft, News, Securities And Exchange Commission, Uber Technologies Inc, Lyft Inc, Initial Public Offerings


Uber Is Said to File for I.P.O. in 2019

The offering, which is expected to be a hotly anticipated debut, puts the ride-hailing service neck and neck with its rival Lyft in a race to the public markets.
Tags: Lyft, News, Securities And Exchange Commission, Uber Technologies Inc, Lyft Inc, Initial Public Offerings


With the Economy Uncertain, Tech ‘Unicorns’ Rush Toward I.P.O.

Faced with a choppy stock market and fears of an economic downturn, Uber and Lyft are moving toward the public markets as other private tech companies also get ready.
Tags: News, Start-ups, Uber Technologies Inc, Lyft Inc, Stocks and Bonds, Car Services and Livery Cabs, Initial Public Offerings, Recession and Depression


Ride-hail firm Lyft races to leave Uber behind in IPO chase

Ride-hailing company Lyft Inc beat bigger rival Uber Technologies in filing for an initial public offering (IPO) on Thursday, defying the market jitters that threaten to upset a string of technology unicorns from going public next year.
Tags: Money, businessNews, Lyft Inc


Ride-hailing firm Lyft Inc files for IPO: Reuters

Ride-hailing company Lyft Inc beat bigger rival Uber Technologies UBER.UL in filing for an initial public offering that will test investor appetite for high-profile but loss-making technology companies. The company, which was last valued at about $15 billion, did not specify the number of shares it was selling or the price range for the offering in a confidential filing with the SEC. The IPO is slated for the first half of 2019, sources have told Reuters. Uber is expected to pursue an IPO next y...
Tags: Lyft, China, Ipo, Trends, IPOs, United States, SEC, Travis Kalanick, Logan Green, John Zimmer, Reuters, Reuters Uber, Lyft Inc, Airbnb Inc, Dropbox Inc, Jefferies JEF


Lyft beats bigger rival Uber in filing for IPO

Ride-hailing company Lyft Inc beat bigger rival Uber Technologies in filing for an initial public offering that will test investor appetite for high-profile but loss-making technology companies.
Tags: Money, businessNews, Lyft Inc


Lyft, Racing Uber Toward I.P.O., Takes a Crucial Step

The ride-hailing company said it had confidentially filed a draft registration statement with the Securities and Exchange Commission.
Tags: News, Securities And Exchange Commission, Uber Technologies Inc, Lyft Inc, Stocks and Bonds, Car Services and Livery Cabs, Initial Public Offerings, JPMorgan Chase & Company


Ride-hailing firm Lyft Inc files for IPO

Ride-hailing company Lyft Inc on Thursday filed with the U.S. Securities and Exchange Commission for an initial public offering, ending months of speculation about the timing of its much-awaited market debut.
Tags: Money, businessNews, U S Securities and Exchange Commission, Lyft Inc


The Inside Story of How Uber Got Into Business With the Saudi Arabian Government - Bloomberg

The Inside Story of How Uber Got Into Business With the Saudi Arabian Government - Bloomberg:Even as Uber’s lawyers finalized the details of the deal, they still couldn't quite believe it would really happen. The Saudi Arabian government was set to give the San Francisco-based startup $3.5 billion, an astronomical amount. The company’s legal team had to double-check that it was even possible to send that much money in a single wire transfer. But on June 1, 2016, the Saudi Public Investment Fund ...
Tags: Travel, Saudi Arabia, China, San Francisco, Bloomberg, Travis Kalanick, Uber Technologies Inc, Lyft Inc, Rupert Neil Bumfrey, Didi Chuxing, Saudi Public Investment Fund


Web performance software company Cloudflare readies IPO, say sources: Reuters

Cloudflare Inc, a U.S. startup whose software makes websites load faster and with greater security, is preparing for an initial public offering (IPO) that could value it at more than $3.5 billion, people familiar with the matter said. The San Francisco, California-based company is looking to go public in the first half of next year, the sources said this week, joining a string of software and internet firms seeking to tap the stock market and capitalize on strong investor appetite and rich valua...
Tags: Google, Ipo, Trends, IPOs, Goldman Sachs, Cloudflare, Reuters, San Francisco California, Goldman Sachs Group Inc, Alphabet Inc, Amazon com Inc, Lyft Inc, Cisco Systems Inc, Akamai Technologies Inc, Zendesk Inc, Cloudflare Inc


Palantir may IPO at valuation of up to $41 billion

The highly secretive Silicon Valley-based data company Palantir is reported to be considering an initial public offering. The firm was founded by Peter Thiel, and is known for ability to analyze extremely large data sets for intelligence agencies and governments worldwide. The U.S. government credits Palantir with help assassinating Osama bin Laden, and disrupting various terror organizations. A Palantir Technologies Inc. IPO could be one of the biggest we've seen this decade, reports Rob Co...
Tags: Post, Business, Technology, News, Osama Bin Laden, Ipo, Credit Suisse, Peter Thiel, Silicon Valley, Morgan Stanley, Wall Street Journal, Palantir, Journal, WSJ, Initial Public Offering, Uber Technologies Inc


Lyft selects JPMorgan, Credit Suisse for IPO in 2019: Reuters

(Reuters) – Ride-hailing company Lyft Inc has chosen JPMorgan Chase & Co, Credit Suisse and Jefferies as underwriters for its initial public offering, slated for the first half of 2019, according to a person familiar with the matter. The source did not want to be identified because Lyft’s plans were still private. Reuters had earlier reported that Lyft was in talks with JPMorgan to lead its IPO, after rivals Goldman Sachs and Morgan Stanley decided not to pursue such a role out of loyalty to ano...
Tags: Lyft, Trends, IPOs, Credit Suisse, Goldman Sachs, Morgan Stanley, Wall Street Journal, Jefferies, Logan Green, John Zimmer, Reuters, Jpmorgan, Uber Technologies Inc, Lyft Inc, JPMorgan Credit Suisse for IPO, JPMorgan Chase Co Credit Suisse


Uber and Lyft Charge Toward Potential I.P.O.s Next Year

Bankers have told Uber that its public offering could be worth $120 billion. That puts it in rare company with the likes of Facebook and Alibaba.
Tags: Facebook, News, Venture Capital, Dara, Uber Technologies Inc, Lyft Inc, Company Reports, Stocks and Bonds, Banking and Financial Institutions, Initial Public Offerings, JPMorgan Chase & Company, SOFTBANK Corporation, Khosrowshahi, Driverless and Semiautonomous Vehicles


Lyft selects JPMorgan, Credit Suisse for IPO in 2019: source

Ride-hailing company Lyft Inc has chosen JPMorgan Chase & Co, Credit Suisse and Jefferies as underwriters for its initial public offering, slated for the first half of 2019, according to a person familiar with the matter.
Tags: Money, businessNews, Jefferies, Lyft Inc, JPMorgan Credit Suisse for IPO, JPMorgan Chase Co Credit Suisse


Saudi Prince Alwaleed's Net Worth Tumbles 58% to Six-Year Low - Bloomberg

Saudi Prince Alwaleed's Net Worth Tumbles 58% to Six-Year Low - Bloomberg:The fortune of Saudi Arabia’s richest person, Prince Alwaleed bin Talal Al Saud, has dropped to $15.2 billion, its lowest level since the Bloomberg Billionaires Index began tracking him in April 2012.The value of his portfolio of public equities, stakes in closely held companies and Saudi real estate fell by $760 million in the first three quarters of the year, according to an emailed document from his private office. The ...
Tags: Travel, Saudi Arabia, Lyft Inc, Kingdom Holding Co, Alwaleed, Rupert Neil Bumfrey, Low Bloomberg, Prince Alwaleed bin Talal Al Saud


The New Health Care: Uber, Lyft and the Urgency of Saving Money on Ambulances

“Don’t reflexively call an ambulance,” a Harvard researcher says. In many cases, a cheaper way makes sense.
Tags: News, Harvard, Uber Technologies Inc, Lyft Inc, Prices (Fares, Car Services and Livery Cabs, Health Insurance and Managed Care, Ambulances, Fees and Rates




JPMorgan in talks to lead Lyft’s IPO, say sources: Reuters

JPMorgan Chase & Co (JPM.N) is in talks about leading Lyft Inc’s upcoming initial public offering as an underwriter, after rivals Goldman Sachs Group Inc (GS.N) and Morgan Stanley (MS.N) decided not to pursue such a role out of loyalty to another IPO hopeful, Lyft’s larger competitor Uber Technologies Inc, according to people familiar with the matter. The move illustrates the calculations that often inform the pursuit of such mandates by the world’s biggest investment banks. Goldman Sachs and Mo...
Tags: Lyft, Uber, Ipo, Trends, IPOs, United States, Goldman Sachs, Morgan Stanley, Logan Green, Fidelity Management, John Zimmer, Reuters, Jpmorgan, Goldman Sachs Group Inc, Toyota Motor Corp, Uber Technologies Inc


Exclusive: JPMorgan in talks to lead Lyft's IPO - sources

JPMorgan Chase & Co is in talks about leading Lyft Inc's upcoming initial public offering as an underwriter, after rivals Goldman Sachs Group Inc and Morgan Stanley decided not to pursue such a role out of loyalty to another IPO hopeful, Lyft's larger competitor Uber Technologies Inc, according to people familiar with the matter.
Tags: Money, businessNews, Morgan Stanley, Jpmorgan, Goldman Sachs Group Inc, JPMorgan Chase Co, Uber Technologies Inc, Lyft Inc


Lyft in talks to hire advisor for 2019 IPO: Bloomberg

U.S. ride services firm Lyft Inc is in talks with an advisor for a targeted March or April 2019 initial public offering, Bloomberg reported, citing people familiar with the matter. In September last year, Reuters reported that the second biggest U.S. ride service company was close to hiring an IPO advisory firm in its first concrete step to become publicly listed. Lyft has hired Class V Group LLC to work with the management on the process and plans to begin taking pitches from banks starting as ...
Tags: Lyft, Trends, Bloomberg, IPOs, Fidelity Management, Reuters, Lyft Inc, Class V Group, Class V Group LLC


Uber and Lyft Drivers Rush to Register Cars Ahead of City’s New Cap

Drivers flocked to the offices of the ride-hail apps to register before the city’s freeze on new for-hire vehicles goes into effect.
Tags: News, New York City, Uber Technologies Inc, Lyft Inc, Car Services and Livery Cabs, Mobile Applications, Taxi And Limousine Commission, Queens (NYC, City Council (NYC, Lyft Drivers Rush to Register Cars Ahead of City


Watering New York’s Transit Deserts

Now that the city has capped ride-hailing services, it needs a real solution for commuters outside Manhattan.
Tags: New York, News, Subways, Uber Technologies Inc, Ferries, Lyft Inc, Brooklyn (NYC, Transit Systems, Queens (NYC, City Council (NYC


What’s the Right Number of Taxis (or Uber or Lyft Cars) in a City?

Technology has made it easier to identify and manage the optimal supply, but it also depends on which problem you’re trying to solve.
Tags: News, New York City, Uber Technologies Inc, Lyft Inc, Urban Areas, Car Services and Livery Cabs, Taxicabs and Taxicab Drivers


3 Years Ago, Uber Beat Back a Cap on Vehicles. What’s Changed? A Lot.

Political and market forces have changed since Mayor Bill de Blasio lost in his bid to institute a cap on for-hire vehicles three years ago.
Tags: Transportation, News, New York City, Bill De Blasio, Bill, Johnson, De Blasio, Corey, Uber Technologies Inc, Lyft Inc, Car Services and Livery Cabs, Law and Legislation, Regulation and Deregulation of Industry, Mobile Applications, Suicides and Suicide Attempts


Riders Wonder: With Uber as New York’s Plan B, Is There a Plan C?

Riders mull a world with fewer Ubers, a day after New York became the first major American city to cap the growth of for-hire vehicles.
Tags: New York, News, New York City, Bill, De Blasio, Uber Technologies Inc, Lyft Inc, Car Services and Livery Cabs, Transit Systems, City Council (NYC


Big City: Uber and the False Hopes of the Sharing Economy

Though ride share companies fought hard against City Council regulations, the laws are unlikely to quell the miseries of professional drivers.
Tags: News, New York City, Minimum Wage, City Council, Uber Technologies Inc, Lyft Inc, Car Services and Livery Cabs, Law and Legislation, Regulation and Deregulation of Industry, Wages and Salaries, Labor and Jobs, City Council (NYC