Business, Technology

Lyft Gets First Buy Rating Ahead of IPO Amid Market Share Gains

Lyft Patrick T. Fallon/Bloomberg News

Lyft Inc. received an encouraging sign from Wall Street March 20, winning its first buy rating more than a week before shares start trading.

Drew Singer | Bloomberg News
March 20, 2019
Business, Technology

Lyft Aims for Valuation Near $20 Billion in Biggest US IPO

Patrick T. Fallon/Bloomberg News

Lyft Inc. is seeking to raise as much as $2.1 billion in its initial public offering, valuing the firm at almost $20 billion.

Olivia Zaleski and Eric Newcomer | Bloomberg News
March 18, 2019
Business, Technology, Autonomous

VW Pulls Truck Unit IPO in Setback to CEO’s Agility Revamp

vw A VW Heavy-duty truck on display at the IAA conference in 2018. (Krisztian Bocsi/Bloomberg News)

Volkswagen AG canceled plans for a partial share sale in its Traton SE division, citing weak markets, a setback to the automaker’s plan to generate fresh funds for the heavy-truck unit’s expansion outside of Europe.

Elisabeth Behrmann | Bloomberg News
March 13, 2019
Business, Equipment

Knorr-Bremse Industrialist Thiele Increases Fortune to $15.3 Billion After IPO

Knorr-Bremse Alex Kraus/Bloomberg News

Heinz Hermann Thiele is about $6 billion richer after last week’s initial public offering of his largest asset, Knorr-Bremse AG, the world’s biggest maker of truck and train braking systems. The IPO makes him Germany's fourth-richest person, with a net worth of $15.3 billion, according to the Bloomberg Billionaires Index.

Sophie Alexander and Tom Metcalf | Bloomberg News
October 15, 2018