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Enrique Dans

On the effects of technology and innovation on people, companies and society (writing in Spanish at since 2003)

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Lyft’s IPO: disruption is coming, and the investors are prepared to wait

3 min readApr 5, 2019

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Friday saw the of , the that popularized the ride-sharing model (now termed ride-hailing) in the United States and that controls .

: the company, faced with the high demand, , at the top of the range defined by analysts, to $87.24, and then closing at 78.02, ($22.2 at the closing), well above its previous valuation of $15.1 billion, which is .

So far, so good: this is the largest IPO since Alibaba in 2014, , who staged in the days leading up to the IPO. Alphabet, for example, has , while Andreessen Horowitz, who , has seen the value of its stake rise to $1.2 billion. The company’s shares were , who see it as a kind of .

Lyft’s IPO is being interpreted as . At the…

Enrique Dans
Enrique Dans

Published in Enrique Dans

On the effects of technology and innovation on people, companies and society (writing in Spanish at since 2003)

Enrique Dans
Enrique Dans

Written by Enrique Dans

Professor of Innovation at IE Business School and blogger (in English here and in Spanish at )

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