On Friday morning, Lyft (Nasdaq: LYFT
) officially became the first member of Silicon Valley’s sharing economy companies to begin trading on the public markets. Investors were enthusiastic about the company. Initially, the ride hailing service planned to sell shares between $62 and $68. That was the price referenced in the initial regulatory filings. After making that filing, the company began its roadshow.
The Process Built Excitement
A roadshow is defined by Investopedia
as “a series of presentations made in various locations leading up to an initial public offering (IPO). The roadshow is a sales pitch to potential investors by the underwriting ...Read More