Lyft's IPO Lockup Expiration Could Open the Floodgates
While ride-share companies are looking set to taxi higher following an earnings beat from Lyft and ahead of earnings from Uber , are investors about to feel the weight of this year's IPOs.
When reporting earnings, Lyft announced its IPO lockup period will expire on August 19, meaning the market could see a flood of Lyft shares hit the wires.
"It's going to be a problem," Jim Cramer said, adding, "more supply is not good." For more on Lyft and what it could mean for the markets going forward, head over to Real Money where Kevin Curran has the latest on the Stock of the Day.
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