Re:Lyft vs. Uber: A Tale of Two S-1’s
by JumpCrisscross on Monday April 15, 2019 @09:14AM
(#19665029)
> Lyft's reception after the IPO was quite negative, with the stock falling 30% immediately in the days that followed
Pretty much everyone who invested before the IPO is up on their money. Lyft’s is not a story of a crap company going public. It’s a story of a crap IPO at the wrong price. JPMorgan priced the stock too high, didn’t adequately surveille for bad short selling, and generally numptied up a straightforward process.
Pretty much everyone who invested before the IPO is up on their money. Lyft’s is not a story of a crap company going public. It’s a story of a crap IPO at the wrong price. JPMorgan priced the stock too high, didn’t adequately surveille for bad short selling, and generally numptied up a straightforward process.