Ride-hailing app Lyft has priced its initial public offering (IPO) at $72 per share ahead of its float on the Nasdaq tomorrow, giving it a valuation of more than $24bn (£18.4bn). The pricing is at the top end of the firm’s target range, which Lyft increased earlier this week in a sign of strong investor demand. Read more: Lyft set to raise $2bn in New York float The eagerly-anticipated float comes ahead of the IPO of Uber, which is expected later this year. Lyft now has a 39 per cent market share in the US ride-hailing sector, but still faces fierce competition from its arch rival. But the listing has raised eyebrows among analysts amid speculation that the loss-making tech firm might be overvalued. “Moving the price up shows investors are scrambling around trying to find value anywhere,” Michael Hewson, chief market analyst at CMC Markets, told City A.M. “This is one gravy train I won’t be jumping aboard,” he added. Lyft pulled in revenues of … [Read more...] about Lyft valued at $24bn as it prices shares at $72 ahead of New York float
Moving companies price
Ken Fisher Special to USA TODAY Published 7:43 AM EDT Mar 17, 2019 Ask someone why they’re investing for retirement, and they’ll usually give two answers: to cover post-retirement living expenses and to help provide for a spouse after they're gone. But what if "gone" comes far earlier than you expect? Term life insurance is a great – but often misunderstood – safety net. Term life insurance is a policy with a fixed end date – usually 10, 20 or 30 years out, depending on when you expect the kids to be out of the house and your nest egg to be sufficient. It is meant to ensure your family can cover funeral expenses, debt and other needs after you’re deceased. I bought a term life insurance policy after my children were born, and think it’s a smart move for most families. Those wanting lifelong coverage may find permanent life insurance more beneficial. Yet industry observers have found many folks don’t investigate life … [Read more...] about Life insurance: Here’s how companies price plans
Apple Inc plans to cut the price of some of its flagship iPhones for only the second time in the device’s 12-year history, pegging its retail value to past prices in local currencies outside the United States instead of the rising U.S. dollar, Reuters reports. The move is an attempt to stem weak sales of the iPhone, particularly in overseas markets such as China, where a 10 percent rise in the U.S. dollar over the past year or so has made Apple’s products - which already compete at the top end of the market - much pricier than rivals. Apple Chief Executive Tim Cook disclosed the plan on Tuesday after the company reported the first-ever dip in iPhone sales during the key holiday shopping period. The company has only once before cut iPhone prices, shortly after it debuted in 2007. Apple did not say in which countries it would adjust iPhone prices. Resellers in China already began cutting iPhone prices earlier this month after Apple lowered its sales forecast for the … [Read more...] about Apple lowers some iPhone prices outside U.S.
The January transfer window is only a matter of weeks away, and despite takeover talk going into overdrive, it is still expected that Newcastle United will look to add to their squad next month. This week has seen several transfer links emerge, as well as the reassurance that business will happen even if Newcastle does not get sold and remains in the control of Mike Ashley. Manager Rafa Benitez is keen to bring in a number ten, a left-back as it thought to be looking at a striker too. Here's the latest transfer gossip round-up. Macauley Bonne - Leyton Orient The 23-year-old has hit 17 goals so far this season in the National League, adding to the 25 in all competitions last season. The Non-League Paper claims that Newcastle have watched the form Colchester man, but have several Premier League clubs for company including Leicester City. Garry Rodrigues - Galatasary United have been constantly linked to this man over the past two years, and this week saw Turkish media again put … [Read more...] about Newcastle United transfer news: Miguel Almiron, and non-league striker linked with winter moves to Magpies
DeKALB – For 62 years, Family Service Agency has been vital to the mental health of DeKalb County residents. Finally, the agency soon will be in a space that will alleviate stress on its employees and, in turn, the people they serve. FSA executive director Tynisha Clegg and development director Sarah Slavenas donned hard hats Thursday afternoon to give a tour of the former Associated Bank building at 1325 Sycamore Road, which FSA recently bought for $475,000. The building originally was listed at $600,000, Clegg said, but an in-kind donation from the Rosenow family, which sold the property, lowered the purchase price. FSA’s operations have been shoehorned into the 9,000-square-foot space at 14 Health Services Drive since the building was built in 1970. “Our staff doesn’t have a break room,” Clegg said. The new space will be at least 14,000 square feet, and if Clegg and her staff get their wish, the drive-thru will be enclosed, resulting in 17,000 square … [Read more...] about Family Service Agency to double its space with move to former Associated Bank building