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The Lyft IPO
Acquired
Lyft's Valuation Is Not Crazy at IPO
Lyft has been hiring incredible people here in Silicon Valley. There's a strong talent story around the company too. And to put a fine point on the bull case, we can debate the merits of valuing public companies on a revenue multiple versus a profit multiple. But it does happen. And certainly it happens in the SaaS world. The valuation is not crazy at IPO. So where they finished trading yesterday, they are trading at a 12x revenue multiple of last year 2018's net revenue. presuming there's continued growth, they will be trading at a less than 10x forward net revenueMultiple.
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