Matthew Cheslock, an equity trader at Virtu Financial, talked to TheStreet about Lyft’s roadshow and what the ride-hailing service’s aim to raise $2 billion means for the company.
“If they can get $2 billion in the IPO, that’ll be a tremendous start for them,” Cheslock said. However, he added, the competition between Uber and Lyft will be in focus. “So, how much money is going to be focused on just Lyft? That’s the question you’ll see on the roadshow,” he added.
But, what about some of the other headlines hitting the financial markets Monday morning?
The Federal Reserve is meeting on Tuesday and Wednesday. With a February jobs number that came in well below expectations–20,000 jobs added–investors may be wondering just how dovish the Fed will be during its meeting.
“I don’t know how much more dovish they can be, but I would anticipate them preaching patience. Again, that seems to be working in the market, [it] really likes that kind of message. So, if that continues, I would expect that to be a tailwind for the market,” said Cheslock.
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