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Topic: uber-lyft

Tech IPO Mania? Not So Fast.

By Jessica E. Lessin · Oct 20, 2018 9:15 AM PDT

In recent weeks, Lyft has hired J.P. Morgan, Credit Suisse and Jefferies to lead its IPO and bankers are circling Uber, wooing them with predictions of a $120B market valuation—nearly twice its current private market price. Palantir, Postmates, and even eventually Pax, are contemplating IPOs too, several outlets, including WSJ, Reuters and The Information have reported.

With all these ...