Lyft

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It’s often joked that IPO stands for ‘It’s probably overpriced’ and Lyft’s valuation always looked challenging. Photograph: Oliver Berg/AFP/Getty

Banking giants JP Morgan and Wells Fargo kicked off earnings season in the US on Friday. It will be weeks before an obvious pattern emerges, but it’s (...)

Lyft president John Zimmer and CEO Logan Green. Lyft reported a loss of $911 million in 2018, up from $688 million in 2017, despite revenue doubling in 2018 to $2.16 billion. Photograph: Mike Blake/Reuters

Shares of Lyft crashed through the ride-hailing company’s initial public offering price on just their second day of trading, tumbling as much as 10.5 (...)

Brexit troubles didn’t  have a consistent impact on Irish shares on Friday. Photograph: Toby Melville/Reuters

Brexit uncertainty failed to trouble the Republic’s main share index on Friday while other European indices gained primarily due to signs of progress (...)

Lyft President John Zimmer and CEO Logan Green speak as Lyft lists on the Nasdaq at an IPO event in Los Angeles. Photograph:  Mike Blake/Reuters

Shares in US ride-hailing company Lyft jumped more than 20 per cent above their initial public offering price on Friday, opening at $87.24 per share ((...)

Jeans maker Levi Strauss wants to be known for more than just denim. Photograph: Brendan McDermid/Reuters

Jeans maker Levi Strauss rose as much as 35 per cent in its return as a public company, in the biggest test so far this year of a slow-to-warm-up mark(...)

Lyft is expected to go public with a $23bn valuation despite having never made a profit. Photograph: Angela Weiss/AFP

Perhaps we need another dotcom bubble and subsequent burst. How else will investors learn that overvalued tech companies probably aren’t a great, or e(...)

Photograph: Lucas Jackson/Reuters

Lyft’s initial public offering (IPO) is oversubscribed based on commitments made so far by investors, making it more likely that the ride-hailing star(...)

Lyft is expected to IPO in the first half of 2019. Photograph: Getty

Ride-hailing company Lyft beat bigger rival Uber Technologies in filing for an initial public offering that will test investor appetite for high-prof(...)

Alibaba Group chairman Jack Ma. The Chinese ecommerce giant’s Alibaba’s pullback from US investments coincides with escalating tensions between the US and China. Photograph: Anthony Kwan/Bloomberg

Alibaba is scaling back its presence in Silicon Valley – a sign that the Trump administration’s crackdown on Chinese investment in US companies is cas(...)

Travis VanderZanden, the founder of Bird, with one of the startup’s electric scooters in Santa Monica, California Photograph: The New York Times

A fresh fund-raising storm is whipping up on the US west coast as investors scramble to take part in a war for scooter domination. Bird, an electric (...)

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