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Tag Archives: ipo

Uber’s Conservative IPO Valuation Faces First Public Market Test

Uber Technologies Inc. took a conservative approach to its initial public offering Thursday, picking a share price toward the bottom of the marketed range and at a valuation below its last private funding round. On Friday, public market investors will get to decide whether that was a good idea. The No. 1 ride-hailing company’s shares […]

Bloomberg News
May 10, 2019
Capital Markets, Operations, Strategy

Why One Startup Founder Turned Down a $1.1 Billion SoftBank Deal

Startups, when they raise venture money to build their businesses, begin with a Series A round and then proceed through Series E, F or maybe G before going public. The Indian ride-hailing service Ola is a bit unusual: It just completed its Series J fundraising and is marching toward Series K, a letter almost unheard […]

Bloomberg News
April 9, 2019
Capital Markets, Operations, Strategy

Lyft Stock Starts Trading on Nasdaq

Rideshare giant Lyft began trading on the Nasdaq Global Select Market today, raising $2.3 billion in its initial public offering. Lyft sold 32.5 million shares at $72 per share. The stock is trading under the ticker "LYFT." As of 12:15 p.m. Eastern Time, the stock was trading at $84.25 per share, up 17% from the […]

Nicole Casperson
March 29, 2019
Capital Markets, Innovation & Mobility, Strategy

Lyft’s Losses, Dependence on Autonomous Overshadow IPO Filing

Rideshare giant Lyft filed its IPO prospectus on Friday. The company’s net losses and heavy reliance on autonomous vehicles is likely the biggest concern for investors, said Brian Allan, senior director of strategic partnerships at HyreCar. Lyft's net loss climbed to $911.3 million in 2018 from $688.3 million a year earlier, according to the filing. Lyft […]

Nicole Casperson
March 5, 2019
Capital Markets, Innovation & Mobility, Strategy

HyreCar Scouts Insurance Options Amid Profit Growth

HyreCar is leveraging its 2018 growth to either reprice or onboard a new insurance provider this year, Chief Executive Joe Furnari, told Auto Finance News. The startup's growth in earnings, operations, and geographic expansion allows more room for negotiations as its insurance renewal date approaches in early April. “We’re coming up on that renewal date,” […]

Bianca Chan
February 8, 2019
Capital Markets, Earnings, Operations, Sales & Marketing

Exeter Finance Files for IPO, Expects to Raise $100M

Subprime lender Exeter Finance Corp. filed for an initial public offering to gain a larger marketshare in the “fragmented” auto finance industry, the company said in a Jan. 8 regulatory filing with the U.S. Securities and Exchange Commission. Blackstone-backed Exeter expects to raise $100 million in the IPO, the filing notes, though the timing of […]

Nicole Casperson
January 10, 2019
Capital Markets, Credit Performance, Strategy

Tech Partnerships Help Drive Digital Transformation in Auto Finance

Aclaro, a company that develops tools for companies in the automotive industry, recently announced game-changing news that validates its mission of helping small, scrappy dealerships compete with larger competitors. As part of its efforts to deliver five-star service for its clients, Aclaro joined the Microsoft Partner Network, allowing the company to continue building its business […]

How Lenders Should Leverage the Power and Promise of Artificial Intelligence

Technology does not wait for rules or regulations. Artificial intelligence (AI) is no exception. The potential profit associated with fintech speeds up innovation, but it also increases the risk of implementing machine intelligence without assessing potential hazards. Simply put, we do not understand how some machines solve problems with deep learning algorithms. This risk can […]

How to Leverage Current Machine Learning and AI Tools in Auto Lending

Auto dealers have heard the hype about how machine learning (ML) and artificial intelligence (AI) are going to transform their businesses. Typically, there are usually two binary outcomes that are discussed. On one hand, the promise of the future seems so bright. Instead of relying on intuition and gut feeling, many divisions of their businesses […]

The Value of User Experience When Managing Risk

Much has been written about the rise of machine learning and artificial intelligence and how it will impact the auto lending industry. While there has been a significant amount of hype, the promise of artificial intelligence is simply game changing. The most obvious application is that thinking machines will be able to assess risk and […]

The Benefits of Artificial Intelligence in Auto Lending

We are inundated with discussion about how new technologies promise to change the way that we do business and live our lives. Yes, many of these proclamations offer rhetorical flourish and grand visions. That said, there are new technologies available and startups that are maximizing these technologies to transform the auto industry — even today. […]

How Lenders’ Response Time Influences Dealer Relationships

Automotive OEMs rate vehicle performance by the time it takes to go from zero to 60 in seconds. This is a measure of energy conversion – fuel, spark, movement. While this is a mechanical situation, a comparison can be made to business response times. While fuel is a potential auto loan customer, the spark is […]

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Tag Archives: ipo

Uber’s Conservative IPO Valuation Faces First Public Market Test

Why One Startup Founder Turned Down a $1.1 Billion SoftBank Deal

Lyft Stock Starts Trading on Nasdaq

Lyft’s Losses, Dependence on Autonomous Overshadow IPO Filing

HyreCar Scouts Insurance Options Amid Profit Growth

Exeter Finance Files for IPO, Expects to Raise $100M

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