The end of the first quarter of 2019 was more than exciting for tech companies that have decided to go public by the beginning of Q2, having Lyft (LYFT), Beyond Meat (BYND), Pinterest (PINS), Zoom (ZM), and more tech unicorns joining the stock market.
One of the biggest IPOs in the last two decades with 168% gains in the initial trading session was Beyond Meat, starting at 46$ instead of 25$.
However, Uber is still one of the most anticipated IPOs for 2019, with a plan to go public in May as the biggest IPO.
Did Lyft (LYFT) Fail and How Lyft’s Price May Define Uber IPO Debut?
While many watchdogs of the market consider that Zoom, Beyond Meat and Pinterest IPO debuts can be marked as successful, some analysts are indicating that Lyft IPO was somewhat a failure.
Furthermore, investors believe that the way Lyft is priced may affect Uber pricing at the opening sale, as well as affect the success of Uber IPO.
Lyft started at more than flattering price, with an opening position settled at 72$ per share, however, the share price sunk afterward, trading at 62$ only a month later.
On the other hand, since Uber and Lyft belong to the same sector, analysts consider that Uber’s pricing could be affected by the overall demand for Lyft as both companies are operating in the ridesharing business.
Uber IPO Said to Be the Biggest Initial Offer in 2019 and Beyond
Even though the demand for Lyft worn out in the period between April 4th and May 4th, Uber’s pricing and IPO success may not be affected by the way Lyft made it into the market.
For starters, Lyft debuted on Nasdaq, while Uber has been approved for a listing on New York Stock Exchange, estimated between 90 billion and 100 billion dollars, with previous evaluation set at 120 billion dollars.