Lyft shares jumped about 20% from its IPO price of $72 in trading debut this morning. The ride sharing company leads the parade of highly valued tech start-ups rushing to go public this year.

These IPOs could raise over $100 billion this year, the biggest amount ever! Why are so many companies rushing to market this year after remaining private for a long time and are valuations justified?

Lyft had $2.2 billion in revenue last year and a net loss of $911 million. The company has approximately 39% share of the ride-sharing market in the US. The price surge gives it a valuation of almost $30 billion.

Amazon (AMZN Quick QuoteAMZN - Free Report) and Microsoft (MSFT Quick QuoteMSFT - Free Report) were worth about $500 and $780 million respectively, when they went public. Google (GOOGL Quick QuoteGOOGL - Free Report) had a valuation of $26.4 billion. Facebook was much bigger-- $104 billion at its IPO. However, both Google and Facebook were profitable before IPO.

Lyft’s share price pop reminds me of another hot IPO—Snap (SNAP)—that went public at $17 about  two years ago and saw the price soar to more than $26 on debut. It is now trading close to $11. Could Lyft be the next Snap?

What are Lyft and other hot unicorns really worth?

Find out on the podcast.

Uber, Lyft, Other Hot IPOs & ETFs: What You Need to Know (Part II)

Want key ETF info delivered straight to your inbox?

Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>