Viewing profile — wweidendorf

You are correct that the March 31 figures do not include the IPO proceeds. If you take a look at the Q1'19 supplemental deck that Lyft released with their earnings, you will find a…

Not even remotely - they made out better on this than other recent IPOs. They are paying 35 - 40 euros or ~$45 million at the midpoint. If they float $1 billion in shares today, th…

Interesting, thanks - I did not have a chance to read through the full F-1 yet when I wrote the below, so apologies for the incorrect statement on my part regarding the stabilizati…

Per a WSJ article in January, Spotify has retained investment bankers (reportedly paying them $30MM) to help ascertain interest from large institutional investors, tell the investm…

You have your definition for Enterprise Value flipped - it should be (Equity Value + Total Debt - Cash & Equivalents + Non Controlling Interest). If you are subtracting debt and ad…

While $1.43 billion may be the GAAP tax rate they record, in practice they did not pay anywhere near that much. For the 2016 reporting period, cash taxes paid was recorded at $412 …

Very misleading article - per the company's latest 10-Q, they only have $4.8 billion in debt. On a net leverage basis, they are currently around 3.2x net debt / EBITDA which is dow…

In this case, none of the IPO proceeds went to existing shareholders. Based on the prospectus, it would appear that all insiders are subject to either a 120-day or 180-day lock-up …

RSUs =/= restricted stock; however, people tend to use the terms interchangeably. A RSU isn't a real share until it vests (at which point it becomes a common share), while restrict…