What you need to know about the Lyft IPO:
Sharing economy unicorn Lyft has turned to the public markets for growth capital. Its initial public offering is scheduled to price next week.
As long as Lyft was a private company, Lyft investors were limited to institutional investors, qualified individual investors, and employees. Following the IPO, the list of potential investors will broaden to include retail investors and a range of exchange-traded funds and mutual funds with environmental, social, or governance themes. Accordingly, a wide range of investors will be able to purchase Lyft stock, which will trade on the Nasdaq, due to its strong overall ESG profile.
The question of whether Lyft drivers are independent contractors or employees has parallels with the question of whether FedEx drivers are independent contractors or employees. Last November, two Lyft drivers, one in Massachusetts and one in California, filed proposed class action lawsuits, alleging the company inadequately paid them and misclassified them as contractors.
I've spent 18 years engaging with investors and social enterprises on sustainable investing. Join me at https://www.eiseverywhere.com/ehome/350098Bhakti Mirchandani is a Managing Director at a think tank. Previously, Bhakti was an investment management strategist at leading structured credit firm One William Stree...
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Lyft to launch road show for up to $2 billion IPO: sourcesRide-hailing platform Lyft Inc will launch the investor road show for its initia...
Consulte Mais informação »
Lyft will reportedly launch road show for up to $2 billion IPORide-hailing platform Lyft will launch the investor road show for its initial public offering on Monday, March 18.
Consulte Mais informação »
Lyft to Seek Valuation of Up to $23 Billion in Its IPOLyft plans to peg its valuation at between $21 billion and $23 billion when the ride-hailing service kicks off the roadshow to market its initial public offering Monday, according to people familiar with the matter.
Consulte Mais informação »
Lyft sets terms of IPO to raise up to $2.1 billionLyft Inc. set terms of its initial public offering, confirming the ride-hailing service is looking to raise up to $2.09 billion. The company said it offering 30.77 million Class A shares to the public, at an expected price of $62 to $68 a share. After the IPO, Lyft will have 271.37 Class A shares outstanding and 12.78 million Class B shares, holders of which will have 20 votes and can convert them into one Class A share, which was one vote. The Wall Street Journal originally reported the terms of the IPO late Sunday, which pegs Lyft's valuation at between $21 billion to $23 billion. The Class A shares have been approved to list on the Nasdaq Global Select Market under the ticker symbol "LYFT." The lead underwriters are J.P. Morgan, Credit Suisse and Jefferies. In 2018, Lyft recorded a net loss of $911.3 million, or $43.04 a share, after a loss of $688.3 million, or $35.53 a share, in 2017. Revenue more than doubled to $2.16 billion from $1.06 billion. Lyft is going public at a time that the Renaissance IPO ETF has run up 28% over the past three months and the S&P 500 has gained 11%.
Consulte Mais informação »
Ride-hailing service Lyft launches its IPO roadshow in Uber's shadowLyft expects to price 30.77 million shares between $62 and $68 per share, it said in a filing. That would raise as much as $2 billion in its IPO.
Consulte Mais informação »
Lyft Seeks Valuation of Up to $23 Billion in IPOLyft is pegging its valuation at between $21 billion and $23 billion as the ride-hailing service kicks off the roadshow to market its initial public offering Monday.
Consulte Mais informação »
Lyft opens up its IPO road show, offers 30 million shares
Consulte Mais informação »
Ride-hail firm Lyft launches IPO road show in Uber's shadowLyft Inc on Monday kicked off the investor road show for its initial public offe...
Consulte Mais informação »
GM considers options for its Lyft stake following IPOAs Lyft Inc cruises toward an initial public offering this month, one of the big...
Consulte Mais informação »
Lyft IPO could be '$1 billion or more' windfall for California's coffers: ex-state treasurerCalifornia could reap a bonanza of '$1 billion or more' in new taxes from the upcoming stock offering of ride-hailing service Lyft, according to former California State Treasurer John Chiang.
Consulte Mais informação »