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Lyft’s IPO gives regular folks the chance to make or lose a fortune.

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ClayClaymore
117 Rider
 Posted 11 months ago

I will be the first to say that this article is total nonsense. Borderline clickbait. 

I don't even know what it's trying to say.  

But if the average person wanted to buy shares of a company like Lyft in, say, 2014 (at $10.13, as investors valued it), they couldn’t. Some well-connected rich guy in Palo Alto, though, could. And that rich guy could now make seven times his money if he, for instance, sold his shares ahead of this Friday.

Huh?  How is this different than any other IPO?  or is this speaking to how an IPO is a chance for middle class to buy in?  or are they saying there's something special about this IPO where normal people can take advantage of pre-IPO prices or use back channels to invest?

https://www.recode.net/2019/3/28/18284757/silicon-valley-ipo-uber-lyft-slack-trading-2019-middle-clas

Comments

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    AstonDE
    94 Rider Driver
     11 months ago

    All the money has already been made. The Private Equity guys, early investors etc just cashed out and left sloppy thirds to the general public.

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      bBerman81
      268 Rider
       11 months ago

      Exactly. This article is starting to make me mad a bit. What a sham. Preying on the middle class to spend their hard earned money just so the rich can get richer. 

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      outlandish
      204 Rider Driver
       11 months ago

      Yep. Like every IPO.

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    AnthonySn.d
    35
     11 months ago

    Maybe it's a satirical piece? LOL.  

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    outlandish
    204 Rider Driver
     11 months ago

    Link to article?

    Anyways, you're right. It's just like any IPO. A chance for those with the connections who got in pre-IPO to make a ton of money. The rest of us get the pickings.

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    TonyAlmeida
    1149 Rider
     11 months ago

    Recode is in bed with all the investors, so they are pitching to people to buy stuff. It's actually fake news.

    Here's what I found on Recode that links to the same article.  It's an age-old tactic to get the hype up for an IPO, so suckers would jump in

    Lyft’s IPO is the beginning of a new era. As Teddy Schleifer writes, the ride-share company’s public debut will “mark a moment in the broadening of the modern relationship between Silicon Valley and the American economy.” That’s because Lyft, along with other major tech startups like Slack and Uber, are set to go public this year. Well-connected tech investors have been betting on some of these companies’ future for over a decade, but now everyday people will be able to as well.


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    GrearORD
    19
     11 months ago

    I think it's saying that an IPO (any IPO) is a chance for the public (even middle-class) to invest in a company.  

    Nothing specific to this IPO. It's dumb.

    Connected individuals will be making millions on IPO Day 1.  Suckers are those in middle school who try to buy in at that price.