Lyft stock is tumbling after a lukewarm market debut last week

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Lyft's market debut offers something of a gut check for Uber, Slack and Pinterest.

Shares of Lyft tumbled Monday, trading more than 4 percent down premarket, after a mild market debut last week.

div > div.group > p:first-child"> The ride-hailing company is the first of a heavyweight class of tech companies to go public this year. The stock jumped as much as 23 percent in its opening day Friday before settling to a 9 percent gain. The company had a market cap of about $22 billion Friday. Lyft's market debut offers something of a gut check for Uber, Slack and Pinterest — all tech behemoths set to IPO this year. The company lost more than $900 million in 2018, according to its regulatory filings, and carries"too many big assumptions" for success according to analysts at Guggenheim.

Shares of Lyft were set to open below $79 Monday, almost $10 shy of its Friday intraday high of $88.60. The stock sold at an initial IPO price of $72 in an oversubscribed offering.

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귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

I've used Lyft once in five years. I've used Uber 11 times in the past month. waitingforUber

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Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

In market debut, Lyft counters Uber with 'nice guy' imageLyft Inc has been challenging larger ride-hailing rival Uber Technologies Inc fo... Uber 🔜 lyft Merger & Acquisition ..., and they lived happily ever after 🖤💖 Both same thing... both fake “contractor drivers” and sell the more expensive app in human history
출처: Reuters - 🏆 2. / 97 더 많은 것을 읽으십시오 »