We have Lyft Off For Most Anticipated IPO of 2019

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  • #20331
    Super Harley
    Participant

    Ride sharing company Lyft debuted on the stockmarket…

    [article]1265[/article]

    #20344
    Super Harley
    Participant

    [color=red][b]Lyft below IPO Price on Second Day of Trading
    [/b][/color]

    Market Summary > LYFT Inc
    NASDAQ: LYFT
    70.44 USD −7.85 (-10.02%)
    Apr 1, 9:41 AM EDT
    75.12 USD ‎9:30 AM
    Open 74.90
    High 75.00
    Low 70.15

    #20356
    TradersCom
    Keymaster

    [color=red]A reminder that risk and valuation does matter…

    $LYFT Pre-market $66.25 −2.76 (-4.00%) around 25% of the high 2 days ago…
    Someone missed their ride[/color]

    #20372
    ThePitBoss
    Participant

    Some life over at LYFT Inc
    NASDAQ: LYFT
    71.18 USD +2.21 (3.21%)
    Apr 3, 2:24 PM EDT ·

    #20423
    Super Harley
    Participant

    [color=red]After getting above the IPO price LYFT Inc back down again

    NASDAQ: LYFT
    67.44 USD −2.79 (-3.97%) Close[/color]

    #20513
    MoneyNeverSleeps
    Participant

    Lyft Investors Sue Price Fall Claiming IPO Was Overhyped

    Two separate class-action complaints against Lyft, as well as its officers and directors and underwriters, were filed Wednesday in state court in the company’s hometown, San Francisco.

    Since going public March 28, Lyft has declined 17 percent to $59.51, the offering price of $72 and it did trade to $88.60 so all of those investors were in the money at some point.

    Lyft dumped sharply and larger rival Uber Technologies Inc.’s filing for an initial public offering last week, as investors will soon have another option to bet on the potential of ride-sharing and gig-economy.

    The investors claim Lyft was exaggerating in its prospectus when it said its U.S. market share was 39 percent. In both suits, the plaintiffs also dinged the company for failing to tell investors that it was about to recall more than a 1,000 of the bikes in its ride-share program.

    The company didn’t immediately respond to an emailed request for comment on the lawsuits.

    #20649
    Super Harley
    Participant

    The Uber Technologies Inc. (NYSE: UBER) initial public offering (IPO) hot Friday.

    The company originally priced its IPO at $45 per share, though it entered below at $42. This comes in below the lower end of the expected price range Uber gave earlier this week of $44 to $50, for its 180 million shares, with an overallotment option for an additional 27 million shares.

    The underwriters for the offering are Morgan Stanley, Goldman Sachs, Merrill Lynch, Barclays, Citigroup, Allen, RBC Capital Markets, SunTrust Robinson Humphrey, Deutsche Bank, HSBC, SMBC, Mizuho Securities, Needham, Loop Capital Markets, Siebert Cisneros Shank, Academy Securities, BTIG, Canaccord Genuity, CastleOak Securities, Cowen, Evercore ISI, JMP Securities, Macquarie Capital, Mischler Financial Group, Oppenheimer, Raymond James, William Blair, Williams Capital and TPG Capital.

    The company intends to use the net proceeds from this offering for general corporate purposes, including working capital, operating expenses and capital expenditures.

    #20650
    Super Harley
    Participant

    [quote=”Super Harley” post=10462]The Uber Technologies Inc. (NYSE: UBER) initial public offering (IPO) hot Friday.

    The company originally priced its IPO at $45 per share, though it entered below at $42. This comes in below the lower end of the expected price range Uber gave earlier this week of $44 to $50, for its 180 million shares, with an overallotment option for an additional 27 million shares.

    The underwriters for the offering are Morgan Stanley, Goldman Sachs, Merrill Lynch, Barclays, Citigroup, Allen, RBC Capital Markets, SunTrust Robinson Humphrey, Deutsche Bank, HSBC, SMBC, Mizuho Securities, Needham, Loop Capital Markets, Siebert Cisneros Shank, Academy Securities, BTIG, Canaccord Genuity, CastleOak Securities, Cowen, Evercore ISI, JMP Securities, Macquarie Capital, Mischler Financial Group, Oppenheimer, Raymond James, William Blair, Williams Capital and TPG Capital.

    The company intends to use the net proceeds from this offering for general corporate purposes, including working capital, operating expenses and capital expenditures.[/quote]

    Uber Technologies Inc
    [color=red][b]NYSE: UBER · May 10, 2:00 PM EDT
    43.80 ▼ 1.20 (2.67%)

    Open 42.00
    133.48 M
    High 44.85
    Low 41.09[/b][/color]

    #20651
    Super Harley
    Participant

    Lyft Continues Sell off After $UBER IPO

    [color=red]Lyft Inc NASDAQ: LYFT · May 10, 2:13 PM EDT
    53.16 ▼ 2.02 (3.66%)
    With a Low 50.05[/color]

    #20661
    TradersCom
    Keymaster

    [color=red][size=5][i][b]LYFT Inc loving the $UBER joyride ,,, Maybe not
    $LYFT 48.05−3.04 (-5.95%)[/b][/i][/size][/color]

    #20662
    TradersCom
    Keymaster

    Great write up on UBER here by Harley

    Uber Technologies Inc reacted to the fallout from the Lyft initial public offering by lowering the IPO price in an attempt to lessen any negative impact, that was not the case. $UBER shares Fell 7.62%, losing over $200 million, the 5th biggest loss for an IPO in 30 years

    https://traderscommunity.com/index.php/stocks/1504-uber-ipo-outlook-and-analysis

    #20954
    ThePitBoss
    Participant

    Evercore ISI initiated Lyft as ‘outperform’

    Evercore ISI said Lyft is “disrupting” the auto industry and its valuation is aided by the fact that it’s one of only two rideshare networks in the U.S.

    “We view LYFT as the pure play beneficiary of the increasingly powerful demographic and secular tailwinds within NA ridesharing, which is disrupting the $1.2T US auto transportation market (and $75Bn+ near-term TAM). We see Lyft’s Rev growing at 1.5x+ the industry bookings rate through ’25 or a 23% CAGR with upside drivers (from 6 Factor model – City TAM, penetration, engagement) which could drive that growth CAGR to 30- 35% over the next 3 years. Our model suggests BE in 2022 or 1yr earlier than consensus. Our Outperform Rating and $74 Target Price is based on the view that current valuation levels leave room for a positive re-rating if competitive pricing becomes more rational. A more benign pricing environment would support powerful operating leverage, driving ~$1.2Bn in EBITDA on $9Bn in ’25 Rev (23% ‘18-’25 CAGR). ”

    #20985
    Super Harley
    Participant

    Youssef Squali of SunTrust Gave $LYFT buy rating with a $68 price target

    “The advancing set of consumer preferences, along with ubiquity of mobile devices, is translating into a sustainable growth path for Lyft for years to come, adding that the company should turn profitable and makes a compelling pure play in the North America TaaS segment.”

    #20986
    Super Harley
    Participant

    [size=5][color=green][b]Mark Mahaney, from RBC Capital Initiating coverage of LYFT at buy with a $72 price target
    [/b][/color][/size]
    “Lyft is a strong No. 2 player in the growing U.S. ride-sharing industry, with industry-leading growth rates. And we believe that Lyft has a reasonable path to profitability in the coming years.”

    #23655
    Super Harley
    Participant

    [color=red][size=5][b]Stifel downgraded Lyft to ‘hold’ from ‘buy’
    [/b][/size][/color]
    Stifel said in its downgrade of the ride sharing company that it sees a more “balanced” risk/reward.

    “In reviewing our investment case for Lyft, we are challenged to continue to recommend shares at this time given the likely slow and uncertain path to recovery for the domestic ridehailing market. We think Lyft is managing as best as possible through this current period and do believe the company can emerge on the other side of this environment as a stronger, leaner company. We continue to support the company given secular growth trends, profit generation potential, and an innovation-focused t

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