Lyft’s $24bn IPO valuation ‘seems high’, analyst says

📆 3/29/2019 2:15 PM
📰 BDliveSA

⏱ Reading Time:
16 sec. here
2 min. at publisher
📊 Quality Score:
News: 10%
Publisher: 63%

Business Business Headlines News

‘It reflects the wall of money looking for tech investments, rather than any fundamentals of the business’

In this file photo taken on March 26, 2019 a Lyft ride-sharing car is seen on Park Avenue in New York City. Photo by TIMOTHY A. CLARY / AFP

“It reflects the wall of money looking for tech investments, rather than any fundamentals of the business,” Colley said. “Both can leave as rapidly as they arrive. Drivers are already unionising and agitating for better conditions. Customers will have to pay more if Lyft is to make a profit,” Colley said.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Maverick: Lyft’s IPO Gives Green Light to Tech Companies Going PublicThe first big U.S. technology listing of the year got off to a stellar start Thursday as Lyft Inc. sold more shares than expected at the top of an elevated price range
Source: dailymaverick - 🏆 3. / 84 Read more »