• Triton

Lyfts Lack of Transparency Reflected in Below Average Triton Score - Bloomberg

In his article for Bloomberg, Drew Singer discusses Triton's methodology for evaluating technology IPOs in the context of Lyft's current IPO roadshow. Specifically, he explains how the Lyft's lack of disclosure of key metrics makes it difficult to evaluate the efficacy of the company's business model, and may indicate that the stock will be in-trouble post-offering. “It’s never good when companies decide to not be straightforward about the math of their business, and these guys told us almost nothing you need to build a model,” said Rett Wallace in a phone interview. Full article on Bloomberg - HERE