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What investors first paid for @Lyft (IPO price $72, opened at $87)
— Rolfe Winkler (@RolfeWinkler) March 29, 2019
$0.23 per share, @floodgatefund (@annimaniac/@m2jr)
$0.76, @MayfieldFund (@Rajil)
$2.10, @foundersfund (@justGLew)
$4.25, @a16z (@W_ScottWeiss)
$10.13, Coatue#lyftipo
One thing to keep in mind on @lyft and @uber ... they've both been running promotions like crazy last few months. Those rides are likely at a loss. (You may not see these promos as they are targeted; I keep a bunch of accounts to test for this.)
— Rakesh Agrawal (@rakeshlobster) March 29, 2019
lyft's bankers played this perfectly
— rat king (@MikeIsaac) March 29, 2019
Lyft got out first & captured ALL the current fervor around unicorns. everyone else is stumbling over each other to ipo now.
what i am curious about is if the party is still going for the last person out the doorhttps://t.co/3zV8CjWXx0 pic.twitter.com/xlkvE53GYv
The @Lyft team has worked hard and done a great job. They’ve always been a tough competitor that made us at @Uber better. Congrats on your big day today @johnzimmer & @logangreen! Well deserved. https://t.co/zvv7muVNUB
— =Ryan Graves= (@ryangraves) March 29, 2019
Looks like Lyft increased the number of shares sold in IPO to 37.375 million (including over-allotment) vs 35.385 million shares listed in yesterday's amended S1.
— Alexei Oreskovic (@lexnfx) March 28, 2019
That means Lyft raised $2.69 billion in IPO at $72/share price.
If you view Lyft's opening market cap purely as a multiple of 2018 revenue, the comparable market cap for Uber would be over $130 billion.
— Dan Primack (@danprimack) March 29, 2019
Dropbox is worth ten-figures less in 2019 as a public company that has proven cash flow than it was back in 2014.
— alex (PVD) (@alex) March 28, 2019
This post is correct. https://t.co/sbYRo2ymlf
In this context, worth noting that Dropbox is basically flat on its IPO price. https://t.co/qBnslW3Wmn
— Dan Primack (@danprimack) March 29, 2019
In 2018, Lyft reported a net loss: $911 million, wider by 32 percent from 2017. Here's why Lyft's cash burn is a huge problem. ? https://t.co/najKSAgtoc pic.twitter.com/Lm2FsYeWzH
— CNBC International (@CNBCi) March 29, 2019
Investor Interest Drives Lyft To $24 Billion Valuation, But It Still Won't Make Founders Billionaires via @bizcarson https://t.co/G4R4MGbfAG
— Laura Mandaro (@lauramandaro) March 29, 2019
LATEST: Lyft chairman says company to prioritize North American growth over international expansion after IPO https://t.co/MUtJakCjJT $LYFT pic.twitter.com/t50d2IpBCl
— Reuters Business (@ReutersBiz) March 29, 2019
Lyft IPO will add roughly $2B to the company's coffers. Per my earlier take, this will allow the company to burn cash for about 11.5 yrs at the current rate. Assuming, of course, that the market keeps letting them @WSJheard - https://t.co/MzIyHlfToD
— Dan Gallagher (@djtgallagher) March 29, 2019
$LYFT 86 nice open. Who would root against any of the ridesharing companies they are re-shaping how we can live, work and play. #carfree
— Adam Singer (@AdamSinger) March 29, 2019
“The magnitude of the audiences that can be reached and the monetization per user has grown. Their growth potential is much higher than was previously anticipated.”@mmurph @MenloVentures https://t.co/ZxiM8y6uAd
— Ron Pragides (@mrp) March 29, 2019
.@lyft prices IPO above expectations: https://t.co/yP6g5OB24Y @crunchbasenews
— Natasha Mascarenhas (@nmasc_) March 28, 2019
theory: startups choose 4 letter names to seamlessly transition into ipo ticker symbols https://t.co/KoTb3yTq7s
— gabriela barkho (@gabrielabarkho) March 29, 2019
More Lyft!
— Eliot Brown (@eliotwb) March 28, 2019
Here's our graphic on where its money goes, avg'd out per ride https://t.co/bnwtABlyyk pic.twitter.com/4XvjawW6JA
DEMOLITION DERBY: More great Lyft reporting, courtesy of @maureenmfarrell, @eliotwb & @cdriebusch https://t.co/3HfB5Xi4o2
— Dana Cimilluca (@danacimilluca) March 28, 2019
Lyft was valued at $15.1 billion just last year and now has a market cap of $22.4 billion, up 48 percent.
— Eric Newcomer (@EricNewcomer) March 29, 2019
That's a lot! Turns out public market investors don't think the private markets are crazy.
What a successful IPO for @Lyft! The company raises $2.34B as its shares start trading on Nasdaq. https://t.co/NfqX1EkpDW
— Guesser (@guesserio) March 29, 2019
Let the games begin..Despite attempts by much-larger #Uber to starve it of capital, #Lyft found unlikely #investors and managed to grow $LYFT #unicorn #IPO @SHO_Billions https://t.co/bZMPPfiY9F
— MarketsMuse (@MarketsMuse) March 30, 2019
PSA: here's all the good $lyft coverage.
— Rebecca Ungarino (@ungarino) March 29, 2019
on the founders by @g_rapier: https://t.co/l7fBFgt4mD
on the open: https://t.co/WLTkNmjJWI
on the rest of the IPO slate by @paigeleskin: https://t.co/RKtHmTZnUm
on the underwriters by @ozoran
and @beckpeterson: https://t.co/Ih6kKplnBX