The LYFT ipo is going to be ultra-violent. At $72, the market cap will be around $25 billion. Estimated revenues for 2019 is $2.5b, placing their price to sales ratio at an astounding 10x revenues. If the company is growing 100% per annum, this is not a crazy valuation — all things considered. They are losing $1b per annum.
The problem here is the fucking IPO process. There isn’t a fat chance the stock will open up at $72. My guess, the stock will soar to $125 — which would boost the valuation to $42 billion or a price to sales ratio of `17x — making the shares almost uninvestable.
Here is an early Lyft investor, CEO of Oceanic Partners, shilling for this investment.
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Remember, the company isn’t even raising the for itself.. it’s all for private investors to dump the shares. No voting rights either..
They can’t let the optics of this IPO look bad considering Uber coming up soon.
would that not necessitate them being called a SCAM COMPANY? or is it SCAM UNDERWRITERS?
OR BOTH.?? not to be excluded ; stupid investors.
Who da fuck buys this shit?
$SNAP investors?
Taxi cab licence owners?
Party like its 1999, mofo’s!!!