Lyft's performance since going public.Business Insider/Yutong Yuan- Lyft went public one month ago Monday.
- It's been an awful few weeks for shares since their March 29 debut, falling 35%.
- Uber, Lyft's main rival, is primed to make its stock-market debut next month.
- Here's what the last month has shown us about Lyft's early reception and what risks lie ahead.
- Watch Lyft trade live.
Lyft shareholders haven't had much to cheer about since the ride-hailing company went public in its historic debut one month ago.
With the stock down 20% from its initial pricing and 35% since its opening trade, Lyft's brutal performance has set the tone for its larger rival Uber and a host of other companies to hit the public market this year.
And Uber is weighing on Lyft's stock even before its own debut. Lyft shares fell to a fresh post-IPO low on Friday after Uber updated its S-1 filing with the Securities and Exchange Commission, saying it is now seeking a valuation of up to $90 billion — well below the $120 billion it had previously expected. Lyft shares saw a similar sell-off earlier this month when Uber first filed to go public.
Read more: Lyft sinks to new low after Uber files to go public, highlighting Wall Street's competition concerns
But investors have learned more about how the market views Lyft, and where the stock might go from here once Uber begins trading. Here's what we know about short interest, competition, and more in the weeks since Lyft's debut on the public markets.
https://www.businessinsider.com/lyft-stock-price-everything-we-know-about-first-month-trading-2019-4
2019-04-28 13:00:36Z
52780278331384
Bagikan Berita Ini
0 Response to "Uber's fresh IPO plans capped off Lyft's brutal first month on the stock market. Here's everything we know since its debut. - Business Insider"
Post a Comment