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HomeStock MarketLyft Announced Lyft IPO Date, Everything About Lyft Before Nasdaq Listing

Lyft Announced Lyft IPO Date, Everything About Lyft Before Nasdaq Listing

According to the latest report released by the company’s representatives, Lyft IPO is preparing to take off already by the end of March, as Lyft already got listed to commence with public trading on Nasdaq.

In the meanwhile, the company has already been approved for a public listing on Nasdaq, waiting to go live by the end of March and at the same time the beginning of Q2 2019.

Ever since Lyft announced that the company will be pursuing a listing in the US markets, the ridesharing company y gained a lot of momentum, partially due to the case that Lyft turned out to become a highly profitable company despite having a major competitor in Uber.

While Uber is making the final preparations for their own initial public offering, Lyft already shared the date when their IPO should be released to the public, alongside quoting estimates for share prices in one of their most recent announcements.

The Estimated Lyft Price Per Share

The company also revealed their estimated price per share, adding that the shares will go from 62$ to 68$ per unit, while 30.77 million class A shares will be issued into the public, with the possibility of listing additional 4.62 million shares. However, the Wall Street Journal is reporting that the share price might exceed the estimates at the opening trade upcoming by the end of the last week of March.

Lyft IPO Date

The date when Lyft IPO should go public and live is said to be March 30th, when the company’s shares will appear on Nasdaq markets under the thicker (LYFT).

Even though Lyft managed to double their revenues in 2018, reporting 2.2 billion dollars compared to 1.1 billion in 2017, and 343 million dollars in 2016, some investors are worried because losses reported by the company are growing accordingly with the widening revenues.

That is how Lyft reported 911 million dollars in losses in 2018, from the previous report from 2017 where 687 million dollars were stated as loss. Still, many investors are relying on the fact that short-term losses might bring long-term profits, which is why LYFT IPO is showcasing an increased demand even before the official release that should take place on March 30th, 2019.

Lyft ups expected IPO price to between $70 and $72 a share

According to Cnbc News; Lyft increased its expected IPO share price range to between $70 and $72 per share in a new filing Wednesday. The company previously expected to price its shares between $62 and $68.

The company would be valued around $20 billion in the updated pricing range.

Lyft is expected to price its shares Thursday and go public Friday on the Nasdaq under the ticker LYFT.

The company has been clawing market share from industry leader Uber, according to its S-1 filing that was released earlier this month. Lyft claimed 39 percent of the U.S. market at the end 2018, up 17 percentage points over two years, according to the filing.

Here’s how the company said it did in 2018:

Net loss: $911 million, an increase of 32 percent from 2017
Revenue: $2.2 billion, double the revenue it saw in 2017
Bookings: $8.1 billion, an increase of 76 percent from 2017

Lyft is one of several large tech companies expected to go public this year, including Uber, Pinterest, Zoom and Slack. Uber, Lyft’s chief rival, is expected to release its S-1 and go public in April.

Lyft has been named to the CNBC Disruptor 50 List three times, ranking fifth on the 2018 list.

J.P. Morgan, Credit Suisse and Jefferies are the lead underwriters of the offering. We think this news and prices will answer the question of “Should I buy Lyft Stock and When can I buy Lyft Stock?

Find All Lulu Stock, Zoom Stock, Uber Lyft, Casper IPO, Yeti Stock, Lyft IPO, Uber IPO, IPO Stock News in TheOofy.Com.

Disclaimer: The information on this site is provided for discussion purposes only, and should not be misconstrued as investment advice. Under no circumstances does this information represent a recommendation to buy or sell securities.
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