RIDEGURU
"The first to go public would get dibs on investors eager for a piece of the ride-hailing business."
Both are looking to debut in 2019 so the next few months will be really interesting in the rideshare space!
https://www.nytimes.com/2018/10/17/business/dealbook/uber-lyft-ipo-race.html
Comments
The first one to go public will draw all the early investors. After a few months documenting the actual failures of the rideshare business, nobody will want to invest in the other.
Ill make a bet that Lyft will go first. I think that is why they rushed their subscription service.
I'm waiting for the stock to fall below $10 and they did it to avoid criminal prosecution because they deserve to be in prison .Their profit is blood money and I wouldn't want to be in their shoes on judgement day.
Competing for passengers and drivers since long in the US, now Uber and Lyft is set to make bigger rivalry in the public market i.e. issuing an IPO in 2019. The competition could expand into a battle as both are ready to capture market possibilities early. There are numerous ways to directly or indirectly gamble on performance of both the ride-hailing race. Pre IPO Pros shares the way that investors can follow and gain earnings from the ride-sharing market.
I agree with this though, it is way more important for Lyft to go public first. I think they know it too with pushing their new subscription service quickly. They are trying to look appealing to investors.