IPO statement puts misdirect and false content Lyft to be sued by investor

IPO statement puts misdirect and false content Lyft to be sued by investor

Matchless car dispatch is occupied outside intermediary report, the net makes an appointment with car company Lyft to exist in IPO process excessive and exaggerated the behavior that its market locates, because this will face the collective suit of investor.

Investor expresses, they are buying the situation that deficient money appears however after Lyft share, because the share price of Lyft is in,9.02 dollars glided at the beginning of May. Company of general affairs of Luo Sen law (Rosen Law Firm) last week 5 (on May 17) express, because Lyft exceeds 1, 000 share a bicycle to be put in safe problem to bring about by recall, drive did not get in in addition accusation calls the driver of Lyft the process that serving for Lyft, investor thinks the IPO outgiving existence of Lyft is forged accordingly reach misdirect content.

Lyft undertook IPO March, its share price is 72 dollars at first, trade in first 78.29 dollars are reached when day ends. After undertaking appearing on the market at the beginning of month of its competitor Uber, share price also gives now to slip. Because share price gives now to slip, the month on Lyft (April) also sue by investor. Up to when distributing news dispatches, the share price value of Lyft reachs 53.79 dollars.

2019 first quarter, the business income of Lyft is 776 million dollar, the seven hundred and thirty-nine million four hundred and eighty thousand dollar that tower above analyst forecasts. The business income that Lyft predicts the 2nd quarter is in 8 to 810 million dollar between, the user that at the same time Lyft also discloses its are active from annual growth of 14 million person comes present 20.5 million person.

The sale first quarter grows Lyft 95% to 776 million dollar, exceed anticipate 38 million dollar. But the whacking of net amount of loss of this quarter reachs 1.14 billion dollar, tower above its 2018 all the year round loss. Major cost comes from the defray related the pay that is based on a stock and IPO, but this feels disturbed according to still allowing partial investor.

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