Lyft NASDAQ IPO

29/3/2019

IPO

Status:

Completed

Date:

29/3/2019

Overview:

Ride-hailing app Lyft has launched its long-anticipated IPO.
Originally priced at $72 but quickly rising $87 per share, the tech unicorn raised $2.3 billion from the offering.
The rise in share price led to a company valuation approaching $30 billion.
The underwriters were led by JP Morgan, Credit Suisse and Jefferies.

Kurt Stumpo - US Editor

Jurisdiction:

United States

Deal type:

IPO

Practice area:

Capital markets : Equity

Governing law:

United States

Industry sectors:

Consumer goods and services
Technology and telecommunications

Firms:

Goodwin Procter

Party: JP Morgan (Underwriter)

Party: Credit Suisse (Underwriter)

Party: Jefferies (Underwriter)

Lawyer: Anthony McCusker

Wilson Sonsini Goodrich & Rosati

Party: Lyft (Issuer)

Lawyers: Katharine Martin, Lisa Stimmell, Rezwan Pavri

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