Uber, Lyft, Pinterest and Airbnb plan to break into the public market. Here's how the process unfolds.
Some high-profile, privately held companies — including Uber, Lyft, Pinterest and Airbnb — are about to break into the public market by launching an initial public offering.An IPO is the process by which a private company issues its first shares of stock for public sale. This is also known as"going public." Beyond structuring a firm's shares for sale, the process includes establishing stakeholders and creating regulatory compliance aimed at financial disclosures and transparency.
While original investors could also see a return if the private company is purchased by another company, Jenkinson said, that option isn't always available. There's another reason for the stampede toward the public market as of late, Jenkinson said. The stock market is approaching all-time highs, with the S&P 500 index up more than 200 percent over the last decade.
The company then typically files a confidential document, dubbed the IPO prospectus, with the Securities and Exchange Commission. That filing is supposed to contain everything investors should know about the company, including its risk factors and financial statements.Then the company goes on a"road show," during which prospective investors get to meet executives at the company and ask them questions. Think of the prospectus as a resume, and the road show as the job interview.
However, Lyft's IPO this month could, in theory, make a difference in your retirement down the road nonetheless.Despite the rush of IPO headlines as of late, the process has actually grown less common.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lyft sets terms of IPO to raise up to $2.1 billionLyft Inc. set terms of its initial public offering, confirming the ride-hailing service is looking to raise up to $2.09 billion. The company said it offering 30.77 million Class A shares to the public, at an expected price of $62 to $68 a share. After the IPO, Lyft will have 271.37 Class A shares outstanding and 12.78 million Class B shares, holders of which will have 20 votes and can convert them into one Class A share, which was one vote. The Wall Street Journal originally reported the terms of the IPO late Sunday, which pegs Lyft's valuation at between $21 billion to $23 billion. The Class A shares have been approved to list on the Nasdaq Global Select Market under the ticker symbol "LYFT." The lead underwriters are J.P. Morgan, Credit Suisse and Jefferies. In 2018, Lyft recorded a net loss of $911.3 million, or $43.04 a share, after a loss of $688.3 million, or $35.53 a share, in 2017. Revenue more than doubled to $2.16 billion from $1.06 billion. Lyft is going public at a time that the Renaissance IPO ETF has run up 28% over the past three months and the S&P 500 has gained 11%.
Read more »
Ride-hailing service Lyft launches its IPO roadshow in Uber's shadowLyft expects to price 30.77 million shares between $62 and $68 per share, it said in a filing. That would raise as much as $2 billion in its IPO.
Read more »
Lyft Seeks Valuation of Up to $23 Billion in IPOLyft is pegging its valuation at between $21 billion and $23 billion as the ride-hailing service kicks off the roadshow to market its initial public offering Monday.
Read more »
Lyft will reportedly launch road show for up to $2 billion IPORide-hailing platform Lyft will launch the investor road show for its initial public offering on Monday, March 18.
Read more »
Lyft to Seek Valuation of Up to $23 Billion in Its IPOLyft plans to peg its valuation at between $21 billion and $23 billion when the ride-hailing service kicks off the roadshow to market its initial public offering Monday, according to people familiar with the matter.
Read more »
Lyft opens up its IPO road show, offers 30 million shares
Read more »
Ride-hail firm Lyft launches IPO road show in Uber's shadowLyft Inc on Monday kicked off the investor road show for its initial public offe...
Read more »
GM considers options for its Lyft stake following IPOAs Lyft Inc cruises toward an initial public offering this month, one of the big...
Read more »
Lyft IPO could be '$1 billion or more' windfall for California's coffers: ex-state treasurerCalifornia could reap a bonanza of '$1 billion or more' in new taxes from the upcoming stock offering of ride-hailing service Lyft, according to former California State Treasurer John Chiang.
Read more »
Lyft's IPO oversubscribed on road show's second day: sourcesLyft Inc's initial public offering (IPO) is oversubscribed based on commitm...
Read more »