How Lyft Had Successful IPO

Credit: Wochit
Published on April 1, 2019 - Duration: 00:33s

How Lyft Had Successful IPO

On Friday, Lyft went public at a valuation of more than $20 billion.

The successful valuation comes despite recording heavy losses ahead of its initial public offering.

According to Business Insider, several other money-losing tech companies, like Uber and Pinterest, are preparing IPO filings.

Uber is preparing an IPO for 2019, even though it lost $1.8 billion in 2018.

Pinterest recorded a loss of $63 million for 2019.

It's preparing an IPO for 2019.


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