AAA Analysis – Page 59

Analysis: Ride hailing IPOs

The two rivalling US-based ride hailing platforms Uber and Lyft, both counting many corporates among their backers, are preparing to float on public markets in the coming weeks, with the
valuations of the two combined likely to stand well above $100bn

Editorial: Blessing of Chinese unicorns for world’s markets

While the US awaits its next wave of $1bn flotations after ride-hailing platform Lyft’s filing for an initial public offering (IPO) at between $20bn to $30bn in market capitalisation this month, its Chinese counterparts have spent the past 18 months taking to the public markets. About a quarter of the estimated 125 Chinese unicorns –… Continue reading Editorial: Blessing of Chinese unicorns for world’s markets