Lyft Prices IPO at $72, the Latest Move In Its Money-Raising Battle With Uber

Discussion in 'Wall St. News' started by ajacobson, Mar 28, 2019.

  1. ajacobson

    ajacobson

    Ride-hailer to launch IPO Friday, overcoming much-larger rival’s attempts to starve it of capital


    Lyft
    The ride-hailing service, which has branched out into scooters and bike-sharing, among other ventures, will be worth more than $24 billion when it starts trading.

    $2.3 billion

    Rakuten

    Japanese e-commerce firm

    $1.3 billion*

    General Motors

    Automaker

    *The value of each stake in Lyft is based on a I.P.O. share price of $72.

    $1.3 billion

    Fidelity

    Financial firm

    $1.1 billion

    Andreessen Horowitz*

    Venture capital firm

    *Andreessen Horowitz, founded a decade ago, is one of Silicon Valley’s top venture capital firms, having invested in Instagram and others. It’s poised to win big with this year’s I.P.O. wave: It owns stakes in Lyft, Pinterest, Slack and Airbnb, all of which are expected to go public this year or next year.

    $923.7 million

    CapitalG

    Investment arm of Alphabet, Google’s parent company

    $602.9 million

    Logan Green

    Co-founder and C.E.O.

    $415.8 million

    John Zimmer

    Co-founder and president

    $110.5 million

    Floodgate*

    Venture capital firm

    *Ann Miura-Ko, a co-founder of Floodgate, was one of the first investors in Lyft when it went by its original name, Zimride.

    $478,440

    Valerie Jarrett

    Former adviser to President Barack Obama

     
    Last edited: Mar 28, 2019
    dealmaker likes this.