Less than two weeks ahead of its highly-anticipated $2 billion initial public offering, US ridesharing giant Lyft already has Wall Street bulls pounding the table. D.A. Davidson analyst Tom White has initiated coverage of Lyft with a “buy” rating and is expecting big growth numbers ahead. Lyft IPO Gives Investors Plenty to Love Lyft filed its S-1 form on March 1 and began its roadshow for potential IPO investors this week. The company expects to sell $2 billion worth of shares at a price of between $62 and $68 per share and begin trading on March 29. White estimates the
The post $2 Billion Lyft IPO is a Must-Buy, But Don’t Ignore These Risks appeared first on CCN
source https://www.ccn.com/lyft-ipo-is-a-buy-but-dont-ignore-risks
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