Why Lyft's $30 billion valuation is not crazy: Tech
Wednesday, April 3, 2019
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Lyft's valuation nearly doubled to $30 billion in 9 months. Here's why that's not crazy: Lyft’s race to beat Uber to public markets culminated with a dwindling pop after shares started trading at $87.24 on the Nasdaq on March 29 before trailing below its IPO price of $72. But Lyft’s price action in its first days of trading matters little when you consider the company’s valuation nearly doubled in just nine months, jumping from $15.1 billion in its last private funding round back in June 2018 to nearly $30 billion at its opening trade.
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