Month: February 2019

Lyft Prepares to Launch IPO

February 21, 2019

Santosh Rao, the head of research at the merchant bank Manhattan Venture Partners told Business Insider, “Lyft has the clear early-mover advantage, and they will definitely get the benefit of the doubt. No one knows how to value these companies. Is it a software company? Is it a car company? Is it a service?”

Business Insider has also reported, “Rao, who specializes in late-stage, pre-IPO company research, says the most accurate comparison is to platform companies, such as Etsy or Alibaba. Based on these multiples, Rao’s firm estimates a fair value of Lyft to be $19 billion to $20 billion.”

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