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Lyft IPO looks to go places

Ridesharing challenger Lyft will aim to raise up to USD 2.1 billion when it lists on 29 March. After its IPO, you will be able to invest in the company directly or trade it as a CFD with Saxo.

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Lyft IPO: key facts

Lyft IPO: key facts

Lyft, the San Francisco-based ridesharing start-up, has beaten Uber to the punch by filing for an IPO. One of the so-called decacorns expected to list this year, Lyft was founded in 2012 and operates in 300+ North American cities. Over the last two-and-a-half years the firm has increased its market share to 39 percent with 18.9 million active users – but seen its operational costs spiral accordingly.

Company name: Lyft Inc.
Ticker symbol: LYFT
Exchange: NASDAQ
Exp. listing date: 29 March
Exp. price range: USD 70–72
Filing amount: Up to USD 2.1bn
Shares offered: 31mn
Exp. market cap: USD 19.6-23bn 
Available as: Cash stock and single stock CFD*

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* Saxo will offer trading on the secondary market from Lyft’s first day as a listed company. Its shares will be available for online order entry after the markets close on 28 March (with an expected listing date of 29 March).

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Get news and insights on major initial public offerings from the SaxoStrats, our team of in-house analysts.
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