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I’d be curious how much stock the IPO institutions sold after the opened. Do they tend to hold on to most of their stock for a long time? It could be that a bun
by ummonk 8y ago
I’d be curious how much stock the IPO institutions sold after the opened. Do they tend to hold on to most of their stock for a long time? It could be that a bunch of people who were unable to participate in the IPO but bought the stock when it became listed on the market and popped were the main losers.
Also, that graphic doesn’t make Uber and Lyft seem all that overvalued - does it really seem unusual for Lyft to do as well financially as Delta?
- JumpCrisscross 8y ago> does it really seem unusual for Lyft to do as well financially as Delta? Delta's operations threw off $7 billion of cash in their FYE 2018 [1]; Lyft's burned over $280 million [2]. In the same period, Delta's net income was almost $4 billion [a] while Lyft lost over $900 million. Lyft is not doing as well financially as Delta. Instead, its investors are betting that it will--in the future--do much better than Delta is doing today. [1] https://www.sec.gov/ix?doc=/Archives/edgar/data/27904/000002790419000003/dal1231201810k.htm https://www.sec.gov/ix?doc=/Archives/edgar/data/27904/000002... page 56 [a] page 54 [2] https://www.sec.gov/Archives/edgar/data/1759509/000119312519088569/d721841ds1a.htm#fin633517_4 https://www.sec.gov/Archives/edgar/data/1759509/000119312519... F-8 [b] F-4