Tuesday, March 19th, 2019

Lyft Looks to Raise Up to $2.4 Billion

The on-demand transportation company filed an amended version of its S-1 Registration Statement that could value the company at nearly $20 billion.

Lyft will trade on the Nasdaq and plans to offer more than 30 million shares with an initial IPO price per share between $62 to $68.

According to Reuters, its main competitor, Uber, is reportedly expected to announce its IPO plans in April.

FIS Announces a Merger with Worldpay
Press Release

The financial services technology company announced that it has entered into a definitive merger agreement with Worldpay, an eCommerce and payments leader.

FIS will purchase Worldpay for approximately $43 billion in stock and cash.

According to an FIS press release, the deal will help the combined company “offer best-in-class enterprise banking, payments, capital markets, and global eCommerce capabilities empowering financial institutions and businesses worldwide.”

IBM Launches a Blockchain Payment Network for Financial Institutions
News Release

The multinational information technology company announced that it’s launching “IBM Blockchain World Wire, a real-time global payments network for regulated financial institutions.”

World Wire is available in “72 countries, with 47 currencies and 44 banking endpoints”.

The new offering looks to accelerate remittances, foreign exchange, and cross-border payments.