One Theory Why Lyft, Uber IPOs Flopped: Special Purpose Vehicles
Dara Khosrowshahi, chief executive officer of Uber Technologies Inc., stands next to a ceremonial bell during the company’s IPO on the floor of the NYSE. (Photographer: Michael Nagle/Bloomberg)

One Theory Why Lyft, Uber IPOs Flopped: Special Purpose Vehicles

(Bloomberg) -- The dismal debuts of Lyft Inc. and Uber Technologies Inc. sparked hand-wringing and a search for scapegoats. One theory gaining ground centers on the high number of special purpose v...
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