Lyft IPO Coming Next Friday, Seeking About $2 Billion

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Lyft IPO Coming Next Friday, Seeking About $2 Billion

It’s official: Ride-hailing company Lyft (LYFT) will hold its initial public offering (IPO) next Friday, March 29.

The six-year-old tech firm plans to raise about $2 billion dollars selling 30.77 million shares for $62 to $68. The information was listed this morning on ClickIPO, a TradeStation partner helping individual investors access companies before they go public.

The deal would be the largest deal so far in 2019, which is already setting up to be a huge year for IPOs. Uber (UBER), the biggest Kahuna of them all, just started marketing its own transaction to investors this week. That reportedly puts it on pace for next month.

Including shares remaining private, LYFT will be worth about $23 billion. UBER is seeking a valuation about 6 times that amount.

Other names with IPOs soon include:

  • Up Fintech (TIGR): The Chinese online brokerage prices tomorrow, according to ClickIPO.
  • Levi Strauss (LEVI): The iconic denim company announced it will go public on Thursday.
  • Alight (ALIT): The cloud-based provider of human resources plans to issue its shares on Friday.
It's official: Ride-hailing company Lyft (LYFT) will hold its initial public offering (IPO) next Friday, March 29.  Please make this a little less authoritative.

ClickIPO preview of upcoming offerings, including Lyft.
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David Russell is VP of Content Strategy at TradeStation. Drawing on nearly two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them appraised of sector leadership, relative strength and the big stories – especially those overlooked by other commentators. He’s also a big fan of generating leverage with options to limit capital at risk.