Ride-Hail Firm Lyft Races to Leave Uber Behind in IPO Chace
2019 is the year of the tech company IPO race and the leader is currently the ride-hail firm, Lyft. Lyft has filed to go public ahead of bigger competitor, Uber, and other tech companies who plan to follow suit later this year. A major reason for the sudden push for IPOs stems from the already declining market possibly getting lower. Uber plans to open up to public investors among $1.07B in losses due to rapid expansion.
- Multiple tech companies are planning to go public this year with Lyft in the forefront and Uber lagging
- The declining market is incentivizing companies to apply early in the high possibility that it continues downward
- Both Lyft and Uber are still unprofitable but there are quite a few considerations when deciding on which to invest in
- What major benefits are there for unprofitable companies to go public?
- In this situation, would you rather apply first like Lyft or later like Uber? Why?