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Lyft Deal Dynamics Outweigh Fundamentals

In their article for the New York Post, Josh Kosman and Carleton English report that the Lyft IPO is already oversubscribed as the company heads into its 3rd day of the roadshow. The article also quotes Triton's Rett Wallace, who spoke to the frenzy that the Lyft demand is whipping up among investors. “I’m hearing that investors don’t like the financials but they know this is a hot deal,” said Rett Wallace of Triton Research, a New York-based firm that tracks tech IPOs. Full article in the New York Post - HERE


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