Blackmoon Financial Group Launches A Product That Helps Users Participate In Lyft IPO
Ride-hailing giants Uber and Lyft are gearing up for their IPO race. Although the second favorites in that race, Lyft was valued at $15.1 billion on the private markets in its last funding round, is aiming for an Initial Public Offering (IPO) valuation of $20 billion to $25 billion in late March-early April. Blackmoon is going to offer an opportunity for investors to get exposure to the performance of Lyft Inc. shares starting right from the IPO date.
Blackmoon is part of the Blackmoon Financial Group, a group of financial technology companies founded in 2014. The Blackmoon team has extensive experience in investment management, as well as developing automated investment interfaces and asset management tools. They aim to create and maintain the world’s best framework for tokenized investment vehicles to deliver investment opportunities in both the real world and the blockchain universe. Blackmoon Platform brings blockchain flexibility to fiat instruments and the benefits of accumulated financial wisdom to the crypto investments.
There are two hindrances in participating in an IPO, Receiving access to IPO, and receiving an allocation, once an order is placed. Both of these problems are eliminated on the Blackmoon Platform since the offering is available for all of their users (regional restrictions apply); currently, they serve mostly retail clients, thus no pressure from institutional investors here. Additionally, unlike a local broker, they do not require your physical presence to pass verification, the process is fast, straightforward and excludes depressing red tape.
How to Participate?
Within the booking period, Blackmoon will accept primary market orders for the IPO. Given below is the recommended procedure to be followed.
- Purchase BookLyft product for the nominal value, which he intends to place for the IPO.
- Before the first trading day, the IPO results will be released and, in case of successful allocation, BookLyft product will be converted to BMxLYFT at a certain exchange rate.
- BMxLYFT will be priced at the gross IPO price and will provide investors with exposure to the performance of Lyft Inc. shares.
- In case of oversubscription, the allocation will be conducted on a pro rata basis. All unallocated funds will be returned to the investor’s dashboard in the currency of the initial purchase.