• Home
  • Blog

Call us today! +1 (352) 353-0052

Find our Location
info@derivatixcapital.com
Login

Login
Derivatix Capital ManagementDerivatix Capital Management
  • Home
  • Blog

Lyft IPO

Lyft IPO

Lyft IPO

March 31, 2019 News

Lyft , America’s second biggest ride sharing service, went public on the Nasdaq on Friday.

The company priced its IPO at $72 a share on Thursday, valuing it at around $24 billion, close to 10 times the value of rental giant Avis Budget.

Uber is expected to file its own initial public offering later this year. Both Lyft and Uber IPOs are seen as helping the transportation giants expand into new markets like autonomous cars and bike sharing.

Lyft has set up a dual-class share system that grants its founders, Logan Green and John Zimmer, more control relative to other shareholders. The structure gives the founders 10 votes for every share, meaning that the two control 49% of voting shares while only owning around 5% of shares overall. Usually the dual-class system can potentially be justified when a company is in the founder stage, where the role of the founder is very critical to the survival and development of the company, but beyond the initial stage dual class structure hinders long term out performance.

Lyft’s revenue was $2.2 billion for 2018, a 103 percent increase over the previous year, but the company operated with heavy losses, posting a loss of $911 million for 2018, according to the filings.

Uber, a larger company with a more diverse set of businesses, needs several more weeks for its IPO preparations. A high valuation for Lyft would be in favor of Uber.

#lyft #ipo #uber  #stocks #nasdaq  #nyse #business #news #entrepeneurship #finance #hightech #technology #hightech #investment

Share
0

You also might be interested in

Start It Up! March 21st

Start It Up! March 21st

Mar 13, 2019

Start it up! Just like the nature… Now, it is[...]

RESULT & STANDING (MONTH 08) – AS OF APR. 30, 2016

Apr 30, 2016

April 2016 was another challenging month for us since the[...]

Post without image & comments

Post without image & comments

Mar 31, 2014

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Aliquam bibendum,[...]

Leave a Reply

Your email is safe with us.
Cancel Reply

You must be logged in to post a comment.

Recent Posts

  • Derivatix Quarterly Report: 2022-Q4 as of Dec. 31, 2022
  • Derivatix Quarterly Report: 2022-Q2 as of Sep. 30th, 2022
  • Derivatix Quarterly Report: 2022-Q2 as of Jun. 30th, 2022
  • Derivatix Quarterly Report: 2022-Q1 as of Mar. 31st, 2022
  • Derivatix Quarterly Report: 2021-Q4 as of Dec. 31st, 2021
  • Derivatix Quarterly Report: 2021-Q2 as of Sep. 30th, 2021
  • Derivatix Quarterly Report: 2021-Q2 as of Jun. 30th, 2021
  • Derivatix Quarterly Report: 2021-Q1 as of Mar. 30th, 2021

Recent Comments

    Archives

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org

    Recent Comments

    Find us on

    Contact Us

    We're not around right now. But you can send us an email and we'll get back to you, asap.

    Send Message

    Accredited Investors Only

    The information contained on this website is intended solely for informative purposes and does not represent a solicitation.

    By continuing to browse this site, you agree and confirm that you are an Accredited Investor.

    Contact Info

    • Derivatix Capital Management
    • +1 (352) 353-0052
    • info@derivatixcapital.com
    • derivatixcapital.com

    Fresh from blog

    • Derivatix Quarterly Report: 2022-Q4 as of Dec. 31, 2022
    • Derivatix Quarterly Report: 2022-Q2 as of Sep. 30th, 2022
    • Derivatix Quarterly Report: 2022-Q2 as of Jun. 30th, 2022
    • Derivatix Quarterly Report: 2022-Q1 as of Mar. 31st, 2022
    • Derivatix Quarterly Report: 2021-Q4 as of Dec. 31st, 2021
    • Derivatix Quarterly Report: 2021-Q2 as of Sep. 30th, 2021

    © 2023 — Derivatix Capital Management.

    • Home
    • Blog
    Prev Next

    Accredited Investors Only

    The information contained on this website is intended solely for informative purposes and does not represent a solicitation.

    By continuing to browse this site, you agree and confirm that you are an Accredited Investor.