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Lyft underwriters hail promising future as Uber looms

Lyft Inc picked up upbeat ratings from the brokerage arms of its Wall Street underwriters on Tuesday, allowing the ride-hailing company to recover some of the damage done to its share price in the run-up to the debut of larger rival Uber Technologies Inc.
Tags: businessNews


Lyft's Fast-Slumping Stock Quickly Leads to Investor Lawsuits

For Lyft Inc., whose stock has tumbled sharply since its March 28 launch, it took less than three weeks for disillusioned shareholders to sue the company over claims they were taken for a ride. Such lawsuits are a rite of passage for newly public companies, and have become even more common after the 2008 financial crisis, according to Cornerstone Research. Lyft was accused in two nearly identical complaints filed April 16 of exaggerating in its prospectus when it said its U.S. market share was...
Tags: Science, Lyft Inc, Cornerstone Research Lyft


Zoom soars to $16 billion value in stock market debut

Zoom Video Communications Inc. soared in its trading debut to more than 16 times its last private valuation and making a billionaire of its founder. Shares of the San-Jose based video-conferencing service opened at $65 each, after Zoom sold 20.9 million shares Wednesday to raise $751 million in its U.S. initial public offering—the fourth-biggest of the year. Zoom, which rose as much as 83 percent above its IPO price, was up 76 percent to $63.20 at 1:38 p.m. in New York, valuing the company at $...
Tags: New York, China, Advertising, San Jose, Zoom, Trump, Davidson, Credit Suisse Group AG, Lyft Inc, VMware Inc, International Data Corp, Discovery Inc, Rishi Jaluria, Pinterest Inc, Zoom Video Communications Inc, Tradeweb Markets Inc


Pinterest's shares surge 25 percent in debut

The successful debut bodes well for the U.S. IPO market as it readies for the much-awaited listing of ride-hailing giant Uber Technologies, particularly after smaller rival Lyft Inc's struggles to hold on to its debut gains. Investors are hopeful that Pinterest, the most high-profile social media company to list in the U.S. since Snap Inc in 2017, will have a better run in the market, given the company's ability to grow revenue and increase its user base. Adding to the upbeat investor sentime...
Tags: Science, Lyft Inc, Uber Technologies, U S IPO, Snap Inc, Zoom Video Communications


Pinterest valued at $12.7 billion in IPO, sign of tech demand after Lyft struggles: Reuters

Pinterest Inc’s initial public offering set the online scrapbook company’s valuation at $12.7 billion on Wednesday, above its expectations and a sign of strength for the tech IPO market after Lyft Inc’s struggles. Pinterest, where users save ideas for clothes, décor and recipes, is due to start trading on the New York Stock Exchange on Thursday. Its performance will be a key test of the tech IPO market after the Nasdaq debut of ride-hailing start-up Lyft at the end of last month. Lyft raised mor...
Tags: Lyft, Pinterest, Ipo, Trends, IPOs, New York Stock Exchange, Reuters, Uber Technologies Inc, Lyft Inc, VC Deals, Levi Strauss Co, Snap Inc, Pinterest Inc, PagerDuty Inc, Renaissance Capital 's IPO, Goldman Sachs Co LLC JPMorgan and Allen Company


Pinterest's IPO sets company value at $12.7bn amid flurry of tech debuts

The valuation is a sign of strength for the tech IPO market after ride-hailing start-up Lyft’s struggles Pinterest Inc’s initial public offering set the online scrapbook company’s valuation at $12.7bn on Wednesday, above its expectations and a sign of strength for the tech IPO market after Lyft Inc’s struggles.Pinterest, where users save ideas for clothes, décor and recipes, is due to start trading on the New York Stock Exchange on Thursday. Its performance will be a key test of the tech IPO mar...
Tags: Lyft, Business, Technology, Pinterest, US news, Stock Markets, US markets, New York Stock Exchange, Lyft Inc, Pinterest Inc


Pinterest valued at $12.7 billion in IPO, sign of tech demand after Lyft struggles

Pinterest Inc's initial public offering set the online scrapbook company's valuation at $12.7 billion on Wednesday, above its expectations and a sign of strength for the tech IPO market after Lyft Inc's struggles.
Tags: Money, businessNews, Lyft Inc, Pinterest Inc


Profitable Zoom Video Tops $9 Billion Valuation After IPO

The listing is set to be fourth biggest in the U.S. so far this year, after Lyft Inc.’s $2.34 billion IPO and Tradeweb Markets Inc.’s $1.24 billion offer in March. Digital scrapbook company Pinterest Inc. is seeking to raise as much as $1.27 billion in its IPO Wednesday. Uber Technologies Inc., whose IPO is expected to take place in May, is likely to be the largest in the U.S. this year.
Tags: Science, Lyft Inc, Pinterest Inc, Tradeweb Markets Inc, March Digital, IPO Wednesday Uber Technologies Inc


Tech Fix: Uber vs. Lyft: Which Ride-Hailing App Is Better?

Here’s a comprehensive comparison of the two services to help you choose your go-to app for hitching rides.
Tags: News, Automobiles, Uber Technologies Inc, Lyft Inc, Car Services and Livery Cabs, Initial Public Offerings, Mobile Applications, Customer Loyalty Programs


How Uber and Lyft Compare, in Four Charts

The ride-sharing companies have competed for riders, drivers and investors. Now that Uber has filed for its initial public offering, here’s how the two stack up.
Tags: News, Uber Technologies Inc, Lyft Inc, Company Reports, Car Services and Livery Cabs, Initial Public Offerings


Uber, Losing $1.8 Billion a Year, Reveals I.P.O. Filing

The world’s largest ride-hailing service unveiled its prospectus for what is likely to be the biggest initial public offering for years.
Tags: News, Venture Capital, Kalanick, Start-ups, Dara, Travis, Lyft Inc, Stocks and Bonds, Car Services and Livery Cabs, Initial Public Offerings, Computers and the Internet, Khosrowshahi


Lyft's stock slide casts long shadow on Uber's IPO

Uber Technologies Inc may face a cooler reception from investors than expected when it prices its initial public offering next month since smaller U.S. ride-hailing rival Lyft Inc's aggressive stock launch and subsequent fall.
Tags: Money, businessNews, Uber Technologies Inc, Lyft Inc


Factbox: Four measures to watch for in Uber's IPO filing

Uber Technologies Inc's initial public offering (IPO) filing on Thursday will draw inevitable comparisons to its smaller ride-hailing rival Lyft Inc, which completed its initial public listing last month.
Tags: Money, businessNews, Uber Technologies Inc, Lyft Inc


Lyft shares hit new low as Uber IPO chatter revs up

Shares of recently listed Lyft Inc fell to a fresh low and closed the day down almost 11 percent on Wednesday on news that rival Uber Technologies Inc was close to filing its own initial public offering.
Tags: Money, businessNews, Uber Technologies Inc, Lyft Inc


Uber plans to sell around $10 billion worth of stock in IPO: Reuters

(Reuters) – Uber Technologies Inc has decided it will seek to sell around $10 billion worth of stock in its initial public offering, and will make public the registration of the offering on Thursday, people familiar with the matter said on Tuesday. An IPO of this size would make Uber one of the biggest technology IPOs of all time, and the largest since that of Chinese e-commerce giant Alibaba Group Holding Ltd in 2014. Uber is seeking a valuation of between $90 billion and $100 billion, influenc...
Tags: Uber, Ipo, Russia, Trends, IPOs, Silicon Valley, New York Stock Exchange, Reuters, U S Securities and Exchange Commission, Reuters Uber Technologies Inc, Alibaba Group Holding Ltd, Lyft Inc, Dara Khosrowshahi, Pinterest Inc


Uber Is Said to Seek About $10 Billion in Year's Biggest IPO

While Uber has released partial financial results for years, its IPO filing with the U.S. Securities and Exchange Commission will provide the first complete look at its numbers and operations. Prospective investors are hungry for the minutia, and they’re now armed with ride-hailing rival Lyft Inc.’s March 29 IPO as a reference point for picking apart Uber’s business and value.
Tags: Science, U S Securities and Exchange Commission, Lyft Inc


Uber Seeks About $10 Billion in Year’s Biggest IPO

While Uber has released partial financial results for years, its IPO filing with the U.S. Securities and Exchange Commission will provide the first complete look at its numbers and operations. Prospective investors are hungry for the minutia, and they’re now armed with ride-hailing rival Lyft Inc.’s March 29 IPO as a reference point for picking apart Uber’s business and value.
Tags: Science, U S Securities and Exchange Commission, Lyft Inc


Pinterest seeks $15-$17 per share in IPO, below last private valuation: Reuters

Pinterest Inc on Monday set a price range of $15 to $17 per share for its initial public offering of 75 million shares, valuing it below the $12 billion at which the online image-search company sourced its last fundraising in 2017. At the upper end of its target range, the company could have a market valuation of about $11.30 billion and could raise $1.3 billion in net proceeds, taking into account restricted stock units and options. Reuters had reported in January Pinterest, which plans to list...
Tags: Lyft, Pinterest, Ipo, Trends, IPOs, New York Stock Exchange, Levi Strauss, Reuters, Uber Technologies Inc, Lyft Inc, Pinterest Inc, Benjamin Silbermann, U S Securities and Exchange Commission Pinterest


Lyft's shares rise after Citron advises against shorting stock

Shares of ride-hailing company Lyft Inc rose as much as 4 percent on Friday, setting the stock for its best day since its market debut last week, after short-seller Citron Research advised investors to hold on to the stock.
Tags: Money, businessNews, Citron, Lyft Inc, Citron Research


They Thought It Was Their Uber. But the Driver Was a Predator.

A South Carolina college student was killed last weekend by a man posing as a ride-share driver, the police said. Across the country, women have reported dozens of similar attacks in recent years.
Tags: News, South Carolina, Josephson, Uber Technologies Inc, Lyft Inc, University of South Carolina, Car Services and Livery Cabs, Mobile Applications, Robberies and Thefts, Kidnapping and Hostages, Samantha (d 2019


Carl Icahn sold Lyft stake to Soros prior to IPO: WSJ

Billionaire investor Carl Icahn sold his roughly 2.7 percent stake in Lyft Inc to investor George Soros ahead of the ride-hailing company's initial public offering, the Wall Street Journal reported https://www.wsj.com/articles/carl-icahn-sold-lyft-stake-prior-to-initial-public-offering-11554316497?mod=searchresults&page=1&pos=1 on Wednesday, citing sources.
Tags: Money, businessNews, Wall Street Journal, Carl Icahn, George Soros, Soros, Lyft Inc


Shorts line up for a Lyft ride despite surge pricing

Lyft Inc shares had seen strong demand among short sellers on Tuesday even as borrowing fees surpassed that of other U.S. equities as investors rushed to bet against the loss-making ride hailing service, which has warned it may never be profitable.
Tags: Money, businessNews, Lyft Inc


Lyft falls further from IPO after receiving first 'sell' rating

Lyft Inc's stock sank further below its IPO price on Tuesday after receiving its first negative review from an analyst who is skeptical that consumers will give up car ownership in favor of relying on ride-hailing services. Shares of the money-losing San Francisco company fell as much as 4.2 percent to $66.10 on Tuesday, their second straight session of losses after a hotly anticipated $72 initial public offer on Friday. The stock's weak performance could make investors more cautious about a s...
Tags: News, Ipo, San Francisco, Silicon Valley, Uber Technologies Inc, Lyft Inc


Lyft falls further from IPO after receiving first 'sell' rating

Lyft Inc's stock sank further below its IPO price on Tuesday after receiving its first negative review from an analyst who is skeptical that consumers will give up car ownership in favor of relying on ride-hailing services.
Tags: Money, Ipo, businessNews, Lyft Inc


Lyft gives up debut gains in second day of trading

Shares of ride-hailing company Lyft Inc crashed below their initial public offering price in just their second day of trading on Monday, matching the speed at which Facebook Inc gave up its IPO price after a rocky debut nearly seven years ago.
Tags: Money, businessNews, Facebook Inc, Lyft Inc


Lyft slips below IPO price on second day of trading

Shares of ride-hailing company Lyft Inc fell as much as 10.5 percent on Monday, below its initial public offering price of $72.
Tags: Money, businessNews, Lyft Inc


Lyft’s Shares Jump in Trading Debut, Cementing Rise of the Gig Economy

An I.P.O. underscored the depth of investor hunger for fast-growing young tech businesses, even if they are deeply unprofitable.
Tags: News, Green, Zimmer, Logan, Lyft Inc, Stocks and Bonds, Car Services and Livery Cabs, Initial Public Offerings, Computers and the Internet, John (1984-


Factbox: Venture backers reap multibillion-dollar payday in Lyft IPO

Lyft Inc's initial public offering on Thursday marked the latest chapter in the seven-year journey of the U.S. ride-hailing app, from a startup backed by seed funding to a publicly traded company worth more than $27 billion.
Tags: Money, businessNews, Lyft Inc, Lyft IPO


Lyft shares soar on Nasdaq debut, setting stage for Uber

Lyft Inc's shares opened up more than 20 percent in their market debut on Friday, giving the ride hailing startup a market value of more than $27 billion, amid strong investor demand that bodes well for larger rival Uber Technologies Inc.
Tags: Money, businessNews, Lyft Inc


Lyft’s Stock Pops in Trading Debut That Bodes Well for Wave of Tech I.P.O.s to Come

Lyft’s I.P.O. underscored the depth of investor hunger for fast-growing young tech businesses, even if they are deeply unprofitable.
Tags: News, Green, Zimmer, Logan, Lyft Inc, Stocks and Bonds, Car Services and Livery Cabs, Initial Public Offerings, Computers and the Internet, John (1984-