First-mover advantage or disadvantage: Uber and Lyft’s IPO Race.
Losses, lawsuits and Lyft’s upcoming IPO - there couldn’t be a more challenging timing for Uber to announce the possibility of going public. The valuation: an unexpected $120 billion - making Uber’s IPO the largest since the Alibaba Group in 2014. Uber’s and Lyft’s IPOs will set a benchmark within the ride-hailing industry in terms of pricing as well as the targeted stock markets.
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