Home Finance The IPO Earnings Disquise: Lyft

The IPO Earnings Disquise: Lyft

by JoJo's Jots
The IPO Earnings Disquise: Lyft

www.nytimes.com/2019/03/29/technology/lyft-stock-price.html

A quick jot of the day: The only way one could have earned a profit off of Lyft’s IPO is if one had internal connections such as corporate or serving over 1,000 rides as a freelancer as the stock was not purchasable until 11:45 AM CST in which the price was at $86.67 (not $72.00) thus at the end of the day, any public traders would have had wrapped up their trading day at a loss.

Rule of thumb: don’t buy an IPO unless you’re given the opportunity to buy shares before the public.

More to come! -JoJo

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