Lyft IPO sets rollout for ride-hailing, sharing economy

Lyft IPO sets rollout for ride-hailing, sharing economy

5 years ago
Anonymous $Dftgs0JzgE

https://phys.org/news/2019-03-lyft-ipo-rollout-ride-hailing-economy.html

Lyft will have a valuation of at least $20 billion with the initial public offering (IPO), one of the first from a wave of venture backed "unicorns," or startups worth more $1 billion or more.

Its entry to the public markets comes ahead of a hotly anticipated offering from larger rideshare rival Uber, which is valued at some $70 billion, and other tech startups including the business collaboration firm Slack and visual discovery engine Pinterest.