Share This Article

Facebook LinkedIn
Twitter Reddit
Print Email
Pinterest Gmail
Yahoo
Money Morning
×
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • Angel Investing
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
  • Retire
    • Income Investing Guide
    • Retirement Articles
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
Login My Member Benefits Archives Research Your Team About Us FAQ
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • Angel Investing
    ×
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
    ×
  • Retire
    • Income Investing Guide
    • Retirement Articles
    ×
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
    ×
  • Subscribe
Enter stock ticker or keyword
×
5 Ways to Beat the Fed (and Crush Inflation)
Twitter
Tags: IPOs
Stocks: AAPL, BABA, GM, GOOGL

How Much Are Lyft Shares?

By Money Morning News Team, Money Morning • August 30, 2017

Start the conversation

Comment on This Story Click here to cancel reply.

Or to contact Money Morning Customer Service, click here.

Your email address will not be published. Required fields are marked *

Some HTML is OK

A date hasn't been set for the Lyft IPO yet, but you may be able to buy Lyft shares in the next year or two.

Lyft sharesNow valued at more than $7.5 billion, the Lyft IPO is quickly becoming one of the most highly anticipated IPOs on Wall Street. It may be years before rival Uber goes public, and some investors want to take part in owning shares of a ride-hailing company as soon as possible because it's considered a "hot company" to own.

But before buying Lyft stock just because it could be a "hot" tech stock, you need to know a few things...

What You Need to Know About Lyft

Lyft is a U.S.-based ridesharing service that brings passengers and private drivers together through an app.

The company was launched in 2012 as a spin-off of a 2007 creation called Zimride. The company's founders, Logan Green and John Zimmer, originally focused on providing transportation services to college students, then expanded their interests to general ridesharing through Lyft.

When a passenger needs a ride with Lyft, they make a request through the company's app. A driver gets assigned, who then picks up the rider and drives them to their destination.

Payment is automatic through the app, and passengers have the option of adding a tip as well. Drivers for Lyft are independent contractors who use their own vehicles.

Video

Lyft Hits Record Number of Rides

Now that you know more about the company, here's when to expect the Lyft IPO...

When Is the Lyft IPO?

Sign up for SMS so you never miss special events, exclusive offers, and weekly bonus trades.
According to a March 1 TechCrunch report, Lyft is "casually exploring IPO possibilities," but the company hasn't made any decisions yet.

In fact, Lyft might never go public. It could remain a private company instead.

In June 2016, Lyft enlisted the investment bank Qatalyst Partners LP to help shop the company to a buyer. The bank has not found a buyer for Lyft yet, but one could still materialize. There will be a limited list of potential suitors, considering the company's multibillion dollar valuation.

Last June, Forbes hinted that some of the companies that may have an interest in Lyft include Alphabet Inc. (Nasdaq: GOOGL), General Motors Co. (NYSE: GM), Apple Inc. (Nasdaq: AAPL), and Alibaba Group Holdings Ltd. (NYSE: BABA).

If one of these companies decides to buy Lyft, there won't be an IPO.

But even if Lyft decides to go public, there won't be a Lyft stock price until the company is officially trading on an exchange...

How Much Are Lyft Shares?

The share price for Lyft stock hasn't been set and won't be until there is a definite IPO date. What we do know is that Lyft has seen rapid growth since its inception and is beginning to steal some U.S. market share away from its main competitor, Uber.

In 2015, Lyft reports that it had completed over 53 million rides. That number went up 207% the next year, to nearly 163 million rides.

While Uber operates globally, Lyft continues to be a U.S.-based ridesharing company only. Interestingly, the companies both operate in more than 500 cities, with Uber in 570 around the world, and Lyft in 531 cities domestically.

Must Read: BuzzFeed Stock and IPO Guide for the $1.7 Billion Viral Content Distributor

Comparing the valuation between the two companies, Uber is worth much more. Uber has a current value of $70 billion. In comparison, Lyft has a valuation of $7.5 billion.

Despite the lower valuation, Lyft has several advantages that investors can't deny.

The first is that it's forming some key strategic partnerships that will help expand its client base. In 2017, Lyft created partnerships with Amtrak, Jaguar Land Rover, Alphabet Inc., and Taco Bell.

The second advantage that Lyft has over Uber is that it's scandal-free.

Uber has had more than a half-dozen scandals so far in 2017, ranging from sexual harassment charges to endangering drivers and passengers with recalled leased vehicles.

But just because Lyft is creating new partnerships and avoiding scandals, does that mean you should buy Lyft stock?

Here's what you need to know before investing in Lyft when it goes public...

Should I Buy Lyft Stock?

Join the conversation. Click here to jump to comments…

Login
guest
guest
0 Comments
Inline Feedbacks
View all comments


Latest News

May 27, 2023 • By Garrett Baldwin

postcards from the florida republic - may 27

May 26, 2023 • By Garrett Baldwin

Here's Your (Surprising) Best Bet in a U.S. Default

May 26, 2023 • By Shah Gilani

earnings
The Five Things You Need to Know Before Buying Any Stock
Trending Stories
ABOUT MONEY MORNING

Money Morning gives you access to a team of market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.

QUICK LINKS
About Us COVID-19 Announcements How Money Morning Works FAQs Contact Us Search Article Archive Forgot Username/Password Archives Profit Academy Research Your Team Videos Text Messaging Terms of Use
FREE NEWSLETTERS
Total Wealth Research Power Profit Trades Profit Takeover This Is VWAP Penny Hawk Trading Today Midday Momentum Pump Up the Close
PREMIUM SERVICES
Money Map Press Home Money Map Report Fast Fortune Club Weekly Cash Clock Night Trader Microcurrency Trader Hyperdrive Portfolio Rocket Wealth Initiative Extreme Profit Hunters Profit Revolution Warlock's World Quantum Data Profits Live Trading Alliance Trade The Close Inside Money Trader Expiration Trader Flashpoint Trader Darknet Hyper Momentum Trader Alpha Accelerators Weekly Profit Cycles Brutus Alerts Resource Traders Alliance

© 2023 Money Morning All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning.

Address: 1125 N Charles St. | Baltimore, MD, 21201 | USA | Phone: 888.384.8339 | Disclaimer | Sitemap | Privacy Policy | Whitelist Us | Do Not Sell or Share My Personal Information

wpDiscuz