Technology: Lyft officially files paperwork for an IPO - PressFrom - Canada
  •   
  •   
  •   

TechnologyLyft officially files paperwork for an IPO

21:30  06 december  2018
21:30  06 december  2018 Source:   msn.com

Dead dog registered to cast vote in upcoming Mono, Ont. election

  Dead dog registered to cast vote in upcoming Mono, Ont. election Cookie, in life a "docile, lovable dog," had never received municipal correspondence before. Now, she had the chance to have her say in Mono’s town leadership.Alongside their two letters was a third, addressed to someone named Cookie.

An initial public offering , or IPO , is a company's first sale of stock to the Filing for an IPO and selling stock to the public is commonly called "going public" and can have several advantages. Going public gives a business access to a large pool of potential investment capital that can hep the

Snapchat's parent company Snap Inc. has officially filed for its initial public offering Thursday, giving a rare insight into what makes the ephemeral In its S-1 paperwork , Snap laid out some of its impressive growth over the past year. "On average, 158 million people use Snapchat daily," the filing

Lyft officially files paperwork for an IPO© Laura Buckman/Reuters
  • Lyft on Thursday said it had filed a confidential draft registration statement with regulators to go public.
  • It's the first major ride-hailing company to officially launch its initial public offering, beating its much larger competitor Uber.
  • Lyft's offering is widely expected to come in early 2019.

Lyft has officially filed paperwork with the top US stock market regulator to go public, the ride-hailing giant announced Thursday morning.

The confidential draft registration statement, submitted to the Securities and Exchange Commission, is the first step to an initial public offering for Lyft.

Heartwarming Photo of Man Holding Stranger's Baby While She Does Paperwork Blows Up Internet

Heartwarming Photo of Man Holding Stranger's Baby While She Does Paperwork Blows Up Internet The photo, taken in a doctor's Alabama office, shows an elderly man holding a stranger's baby.

billion, has confidentially filed the paperwork for an initial public offering expected in the first half of the year, Bloomberg reported on Thursday, citing Box, Dropbox's closest competitor in the enterprise business, had an 8x multiple during its 2015 IPO . Dropbox has been steadily building out its senior

A recently filed document reveals that Square is officially seeking an initial public offering ( IPO ). In the first half of 2015, Square took losses of .5 million on revenue of 0.5 million. In 2014, the company reported gross payment volume of .78 billion.

It's a big step in what's largely considered to be a race to go public between Lyft and its much larger rival Uber, which is also considering an IPO next year but has been coy about the timing of its float.

Lyft did not elaborate on pricing, number of shares, or targeted valuation. Those specifics will come after the SEC completes its review. The actual offering is likely to come early next year. The company was most recently valued at $15 billion, and a public offering could boost that number.

Read more: Lyft has a 'clear early mover advantage' in beating Uber to an IPO

A Lyft representative did not immediately respond to a request for comment from Business Insider.

The company began lining up banks as recently as October, with Credit Suisse assisting with the deal. Other firms reported to be involved are JPMorgan and Jefferies.

'Riverdale' Star Marisol Nichols Files For Divorce From Estranged Husband

'Riverdale' Star Marisol Nichols Files For Divorce From Estranged Husband The actress married Taron Lexton in 2008.

Twitter announced that it has filed for an initial public offering , a move the app-centric world has anticipated for years. The company broke the news a simple tweet that has been retweeted well-over 4,000 times in 20 minutes. Then, they added: “Now, back to work .”.

Smart speaker and home audio tech company Sonos has officially filed for an initial public offering with the Securities and Exchange Commission. The public filing was first reported back in April, with estimates at the time putting the company’s valuation between .5 billion and billion, though

Not content with its roughly 35% market share in the US, Lyft has also been branching beyond traditional ride hailing as it seeks further growth. Last week, its acquisition of Motivate, the country's largest bike-share operator, officially closed. The purchase adds bikes and scooters in most major cities to its arsenal, now known as Lyft Bikes.

Uber, still the world's largest ride-hailing company by far, is also working toward an IPO next year. Its valuation could easily overshadow Lyft's offering, with a reported target of $120 billion. Unlike Lyft, Uber has self-reported quarterly financials. Most recently, those numbers showed slowing growth and widening losses for the company.

Lyft, which is also not profitable, brought in $563 million in revenue during the third quarter - up from $300 million in the same period a year ago - but with losses increasing to $254 million from $195 million. The company expects to have full-year revenue of $10 billion to $11 billion, sources told Bloomberg.

Joe Giudice Files Appeal to Avoid Deportation to Italy

Joe Giudice Files Appeal to Avoid Deportation to Italy Teresa Giudice told ET of her family's plans to appeal the order during an exclusive interview in October.

The IPO filing does not reveal any specifics pertaining to how many shares of Ferrari will be offered or at what prices the shares will initially be priced Marchionne said recently the Ferrari IPO is expected to happen in mid-October. Sergio Marchionne, chairman of Ferrari SpA and chief executive officer of

Facebook has officially filed its paperwork with the U.S. Securities and Exchange Commission to take itself public with a stock offering . The IPO is looking to raise billion, the largest ever IPO for an Internet stock. Morgan Stanley is set to be the lead underwriter of the sale, but The Wall Street

Despite the differences, so-called "first mover advantage" could be huge for Lyft, one analyst told Business Insider, adding that the company's economics seem to be in better shape than those of Uber's.

IPO valuations can change drastically in the lead-up to a public offering. Snap, for example, was thought to be valued as high as $40 billion ahead of its IPO in 2017, but that number eventually fell by about half, to $20 billion.

Do you work at Lyft or Uber? Have a tip? Contact this reporter via Signal or WhatsApp at +1 (646) 376-6102 using a non-work phone, email at [email protected], or Twitter DM at@g_rapier.You can alsocontact Business Insider securely via SecureDrop.

Follow @MSNMoneyCanada on Twitter.

New Orleans lawyer files lawsuit against NFL over missed call.
A New Orleans personal injury attorney has filed a lawsuit over the outcome of Sunday's NFC Championship Game. Frank D'Amico Jr. is calling on commissioner Roger Goodell to enforce Rule 17, Section 2, Article 1 in the NFL Rulebook that he says "could, in the right circumstances, allow the commissioner to take extreme action in the face of a grossly unfair result," according to WDSU.com. In a press release, D'Amico said he's "been approached by numerous season-ticket holders and members of the 'Who Dat Nation' to take legal action" against Goodell and the NFL over the missed pass interference call that occurred in the game.

—   Share news in the SOC. Networks

Topical videos:

This is interesting!