Monday, 18 March 2019 12:38

Lyft is Launching the Golden Age of Tech IPOs

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(Silicon Valley)

The next couple of years is supposed to be the new golden age of tech IPOs. Huge Silicon Valley unicorns like Uber and Lyft ae supposed to IPO, as are a slew of less well-known, but still big, names. All the activity is supposed to kick off very soon as Lyft has just priced its IPO. The company is seeking a valuation of about $23 bn based on an offering of just over $2 bn of shares. Uber, its rival, is planning to IPO soon as well, and looking for a valuation north of $100 bn.

FINSUM: Let’s put the Lyft valuation in perspective—the company has $2.16 bn of annual revenue, but lost almost a $1 bn in the last year. Quite eye-opening.

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