Global  

“News neutrality by unbiased coverage”
One News Page
> >

Jim Cramer's Thoughts on Lyft's IPO

Video Credit: The Street - Duration: 00:58s - Published < > Embed

Jim Cramer's Thoughts on Lyft's IPO

Jim Cramer's Thoughts on Lyft's IPO

In the race to go public, Lyft just officially took the lead.

The company has officially submitted a registration statement for an initial public offering (IPO) with the U.S. Securities and Exchange commission.

TheStreet reported that the move is a first step toward becoming a publicly traded company.

Lyft didn't specify how much it is seeking to raise or how much it believes it is worth, though it did state in June that it believes it is worth approximately $15.1 billion.

The company also didn't specify the number of shares it plans to offer, or the price range for them.

Following a $1.5 billion funding round last year, Lyft brought on board Kristina Omari as its first-ever vice president of corporate development and investor relations - a sign that it was looking to move toward being a publicly traded company.

Larger rival Uber Technologies Inc.

Is widely anticipated to also move forward with an IPO.

Uber has said that it hopes to garner a market value of more than $100 billion.

0
shares
ShareTweetSavePostSend
 

You Might Like


Recent related videos from verified sources

'A Comedy of Errors:' Jim Cramer Likens the Market to a Shakespeare Play [Video]'A Comedy of Errors:' Jim Cramer Likens the Market to a Shakespeare Play 12:51

Jim Cramer breaks down why he believes the market is having its Macbeth moment. Lyft's Going Public TheStreet contributor M. Corey Goldman reported that the San Francisco-based company announced on..

Credit: The Street - Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2018 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Contact us  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest