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
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*
Our experts’ take on IPOs
DoorDash is Dominating the U.S. Food Delivery MarketAmerica's food delivery market has boomed in recent years with growth accelerated by the COVID-19 pandemic. The graphic below shows the biggest players in the space and how their market share has changed in recent years. Of note, the market is shifting from an oligopoly, where market control was shared amongst four companies, to more of a duopoly setting between DoorDash and Uber Eats, with the former now dominating with a market share of over 50%.
DoorDash is Dominating the U.S. Food Delivery Market
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