BCS Global Markets clients were able to participate in LYFT’s IPO, which was valued at $21 billion
1st April 2019: Initial Public Offering (IPO) of LYFT, a U.S. ride-sharing service, is the first major debut placement of a unicorn company (capitalization over USD 1 bn) this year, with a market capitalization at $21 billion.
The strategic partnership between BCS Global Markets (“BCS GM”) and Tigress Financial Partners, a women owned and independent investment banking and brokerage firm, allowed BCS’ clients the opportunity to participate in this hi-tech U.S. business and to buy shares directly in the offering, allowing Russian and international clients exclusive access to the offering. Over the years, BCS has enabled its investors to participate in high quality IPOs in the Russian markets but this is the first time they have had access to the U.S.
The partnership follows the orderly development of the BCS Global Markets’ business in the U.S., which started in 2015, when the investment bank acquired a broker and dealer company with an office in New York. The U.S. division of BCS Global Markets – BCS Americas, is predominantly focused on finding unique opportunities within the U.S. market – such as LYFT’s public offering, in order to strengthen the reach of BCS.
Gary Esayian, Director, CEO, BCS Americas, Inc. commented:
BCS Global Markets has been following the U.S. market closely and has been waiting for an opportunity of this calibre. We are delighted to have offered our clients the exciting opportunity to be able to participate in a hi-tech business, such as LYFT. Our strategic partnership with Tigress Financial Partners enabled us to provide our clients with unique access to major U.S. IPOs.
BCS is planning to partake in other similar transactions over the course of this year, as our U.S. strategy has proven to be efficient and has successfully brought tangible results for our clients.
It has recently come to our attention that some individuals in Estonia with whom we have no business relationship have received phone calls from an individual purporting to be a BCS GM employee and soliciting BCS GM investment services and investments. Please note that BCS GM does not maintain an office in Estonia. We also take no action to promote our services in Estonia through phone calls or otherwise. If you ever have any questions of whether a person contacting you is actually an employee of BCS GM, please do not hesitate to contact us at +44 20 7065 2161 or email at email@example.com
We also strongly recommend that you report any such cases to the national police.