Lift raised more than 2 billion. Dollars Thursday afternoon after pricing the shares at $ 72, the peak of the expected range of $ 70 to $ 72 per dollar. Share. This gives Lyft a fully diluted market value of $ 24 billion.
The company debuts on the Nasdaq stock exchange Friday morning and trades under the ticker symbol "LIFT."
The original public offer is the first for a ride-hailing business and represents a landmark liquidity event for private market investors who had invested billions of dollars in the San Francisco-based company. Altogether, Lyft had raised $ 5.1 billion. In debt and equity financing and reached a valuation of DKK 15.1 billion. $ Last year.
Lifting's blockbuster IPO is unique for a number of reasons, in addition to being among transport-as-a-service companies to switch from private to public. Lifting has the largest net loss in any pre-IPO company writing losses of $ 91
Uber is the next tech unicorn or company that is valued north for $ 1 billion. Dollar, expected out of the IPO port. It will trade on the New York Stock Exchange in what is one of the most anticipated IPOs in history. The company, which reported $ 3 billion in revenue in Q4 2018 with a net loss of $ 865 million, is planning to reveal its IPO prospect next month.
Next in the pipeline is Pinterest, which dropped its S-1 last week and revealed a path to profitability, which will surely receive support from Wall Street investors. The visual search engine will act on the NYSE under the symbol "PINS." This represented revenue of DKK 755.9 million. $ Last year, up from 472.8 million. $ In 2017. Meanwhile, the company's net loss fell to DKK 62.9 million. $ Last year from 130 million. $ I 2017
Other notable companies planning 2019 inventory tasks include Slack, Zoom – a rare and profitable pre-IPO unicorn – and possibly Airbnb.