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Lyft's Valuation Is Huge -- How Tech Stocks Soon To Go Public Are Valued

by thestreet.com posted 4months ago 37 views
Click to view a price quote on LYFT. : With so many money-losing, growth tech start-ups going public in 2019, some might wonder how their valuations get so high. Lyft (LYFT went public in March, pricing shares at $72 -- a total valuation of roughly $20 billion. Uber will hit the public market soon, and is seeking a valuation of $100 billion. Pinterest offers shares Thursday, April 18. One analyst has a price target for Lyft of $80. But Lyft had a net loss of $911 million in 2018, a 210% increase over 2017's net loss of $688 million.

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