Lyft: The Ride-sharing Wars

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The Ride-Sharing Wars

In the build up to Lyft's and Uber's long-awaited IPOs, our IPO analysts took a look at the evolving vehicle-for-hire market and discovered that it is crowded, cutthroat, regionally different, inconsistently regulated and increasingly dependent on app-based technology platforms.

There's no question that Lyft ( LYFT ) and Uber have been disruptive forces that are changing the paradigm of highly regulated traditional street hailed taxis and corporate black car fleets. Instead of crushing the legacy incumbents, Lyft, Uber and Asian giants have inspired unconstrained global competition, with many new hopefuls entering local markets.

In major metropolitan areas, riders now have the choice of app-based ride hailing services with contracted private owner-operators, licensed taxis hailed on the street and new ride sharing apps that summon participating licensed taxi and fleet operators, prescheduled black cars, apps offering specialized prescheduled rides for women and children, and last but not least, public transit. Uber operates in the US and internationally, while Lyft's operations are largely confined to the US and Canada, with a very limited number of international partnership agreements to date.

The US Market Competition

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The article Lyft: The Ride-sharing Wars originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO) , Renaissance International ETF (symbol: IPOS) , or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines , IPOs
Referenced Symbols: LYFT

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