Arjun Reddy, provided by Published 9:00 am EDT, Saturday, March 30, 2019 Business Insider, company filings Lyft went public Friday at a valuation of more than $20 billion despite recording heavy losses ahead of its initial public offering. Several other money-losing tech companies, like Uber and Pinterest, are preparing IPO filings. Markets Insider has compiled several examples of money-losing tech firms going public — they range from bankruptcies at Pets.com and Webvan to huge gains at Amazon. Lyft went public Friday at a valuation of more than $20 billion despite racking up a loss in excess of $900 million in 2018. The company is just the first in a series of unprofitable "unicorns," or privately held tech companies, with valuations north of $1 billion that are thinking about going public this year. Those include ride-sharing rival Uber, which lost $1.8 billion in 2018, and Pinterest, which recorded a loss of $63 million for the year. Both companies are … [Read more...] about Lyft is wildly unprofitable and lost $911 million last year — here’s how other unprofitable companies fared after they went public
Lyft ipo date
By Rex Crum | [email protected] | Bay Area News GroupPUBLISHED: March 29, 2019 at 11:46 am | UPDATED: March 29, 2019 at 12:09 pm With Lyft going public at last, and reaching an immediate valuation of $24 billion, investors were able get excited about the most prominent initial public stock offering of the year. Now, the question is will that excitement hold up. And who could be next to try to get in on the riches, and publicity, that come from going from a private to publicly held company. “The IPO market is definitely back, and in a big way,” said Clement Thibault, senior analyst with Investing.com. “It makes sense to capitalize on the hot market right now with a recession seemingly lurking around the corner.” It’s no surprise that the most likekly candidate for an IPO next remains Uber. The company filed its initial IPO plans with the Securities and Exchange Commission in December 2018, and is widely expected to begin its investor roadshow and … [Read more...] about Lyft is now public. So which Bay Area tech unicorn is next?
As Lyft, Uber, Pinterest and other Bay Area tech companies go public, their employees with stock or options will have to make a potentially life-altering decision: whether to cash in or hold onto company stock. Most financial advisers recommend selling stock after any lockup period expires and using the proceeds to diversify into other assets, pay off high-cost (over 6 or 7 percent) debt, start an emergency or college fund, buy a home or boost retirement savings. Holding any single stock is risky, and if the stock makes up a big chunk of your net worth, it’s even riskier. If the stock is also the company you work for, it’s downright treacherous, because if the company fails, you could lose your nest egg and your job. “Concentration makes you money, diversification helps you keep it,” said Shannon Lynch, a senior adviser with Personal Capital. Yet many employees are reluctant to cash in IPO riches. Some see it as disloyal. “It’s like cheating on your … [Read more...] about What to know if your company is headed for an IPO
One of the hottest topics in local real estate is what will happen to home prices in and around San Francisco if an expected surge in blockbuster initial public offerings takes place. There has been lots of talk about newly minted millionaires with fistfuls of IPO cash muscling out other buyers in an already challenging market, but there’s been little evidence to test that theory. Two new studies looking at previous IPOs in California found that they raised home prices somewhat, with the biggest gains coming closest to the headquarters of companies going public. That could have big implications for San Francisco, which is the epicenter for an expected wave of offerings by tech companies with multibillion-dollar valuations. Lyft confidentially submitted paperwork for an offering in early December, sort of a precursor to an actual filing, the same week that Uber reportedly did the same. Slack Technologies announced it had filed confidentially on Monday. Other San Francisco … [Read more...] about Finally, some insight on the impact of IPOs on home prices
By Joshua Franklin and Heather Somerville(Reuters) - Ride-hailing company Lyft Inc beat bigger rival Uber Technologies Inc in filing for an initial public offering (IPO) on Thursday, defying the recent market jitters and taking the lead on a string of billion-dollar-plus tech companies expected to join Wall Street next year.Lyft's IPO will test investors' appetite for the most highly valued Silicon Valley companies and for the ride-hailing business, which has become a wildly popular service but remains unprofitable and has an uncertain future with the advance of self-driving cars.San Francisco-based Lyft, last valued at about $15 billion in a private fundraising round, did not specify the number of shares it was selling or the price range in a confidential filing with the U.S. Securities and Exchange Commission (SEC). Lyft could go public as early as the first quarter of 2019, based on how quickly the SEC reviews its filing, people familiar with the matter said. Lyft's valuation is … [Read more...] about Ride-hail firm Lyft races to leave Uber behind in IPO chase