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The high-profile flops demonstrate the need for money-losing companies to do a much better job explaining how they'll eventually make money, according to Carter Mack, whose investment bank helped bring Uber UBER and Lyft LYFT public. Mack couldn't discuss details on the pricing strategy of the IPOs because the deals were led by larger Wall Street firms.
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While Uber and Lyft have enormous potential, Wall Street is worried about the companies' hefty losses as they engage in an intense price war and fund new ambitions. Click the Security tab. Click the Custom Level button.
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Banks disappointed as MAR review looks to be delayed The European Commission is due to review the Market Abuse Regulation and the industry has a list of areas it wants addressing, but the review looks likely to be delayed due to other priorities.