From CNET: Slated to debut on Wall Street on Friday, Lyft has come a long way since its days of fist bumps and pink mustaches.
In a highly anticipated initial public offering, the San Francisco-based ride-hailing company is expected to go public Friday morning with a preopen share price set at $72, according to Lyft.
Lyft co-founders Logan Green and John Zimmer are scheduled to ring the opening bell on the Nasdaq exchange, where the company's shares will trade under the ticker symbol LYFT. The IPO could give Lyft a valuation of roughly $20 billion, significantly higher than its $15 billion estimated valuation as a private company.
Lyft's debut is the first of many expected public offerings this year. If all goes as planned, 2019 will be a year of the tech IPO. Uber, Airbnb, Pinterest, Slack and Palantir are among the other tech companies expected to go public. Analysts think Uber, the world's most highly valued private company, could be worth as much as $120 billion after going public, which would make it the biggest IPO in US history.
Uber and Lyft offer the same core service -- hailing a ride through a smartphone app -- but have very different public profiles. To date, Uber has showcased itself as a global company with a diverse set of projects that include food delivery and flying cars.
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