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.

Advertisement

You are here

Recent related videos from verified sources

To Infinity and BYND? What to Expect From Beyond Meat's Earnings Report 02:03
Credit: The Street - Published 3 weeks ago 

Our Reporters Try the Beyond Meat Burger 03:14
Credit: The Street - Published on May 24, 2019 

You might like