Lyft files for IPO, beating Uber to the punch

The company filed paperwork on Friday to raise as much as $100 million in its public offering. That placeholder amount could change, depending on investor demand. It will list on the Nasdaq under the stock ticker"LYFT."After years of investors waiting for the long list of startups with billion-dollar valuations to come to Wall Street, 2019 is shaping up to bring a stampede of so-called unicorns. Uber, Airbnb, Slack, Pinterest and Postmates are all expected to go public this year.

Lyft's public market debut could prove to be a bellwether for how these companies will be received by investors. In particular, Lyft will almost certainly be viewed as a proxy for what to expect from its chief rival Uber, a much larger business. Like Uber, Lyft is bleeding money. Lyft's net loss climbed to $911 million in 2018 from $688 million a year earlier. Uber, by comparison, lost $1.8 billion last year, according to financials released by the company last month.

How much?

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Lyft files for IPO, pulling ahead in its race with UberLyft filed for a U.S. initial public offering Friday, giving investors a first look at crucial financial information about the ride-hailing company. Leg up? My thoughts about that
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Lyft reveals financial details ahead of its IPORide-hailing giant Lyft releases financial details in a federal filing before it begins selling its stock to the public. The company said its revenue grew from $343.3 million in 2016 to $1.1 billion in 2017 and $2.2 billion in 2018. Lyfting up expectations F uber... But, how much money did they lose?
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Lyft kicks off 2019 unicorn IPO spree with public S-1The countdown begins for Lyft's big IPO now that the company has officially filed its public S-1. Here's what was revealed in the filing.
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L.A. County weighs a tax on Uber and Lyft to curb traffic congestionMetro officials will vote Thursday on whether to study taxing Uber and Lyft rides that start in Los Angeles County. A 20-cent fee on each trip could bring in $401 million over a decade for transportation projects, while a $2.75 fee on such trips could raise $5.5 billion, according to Metro. The Metropolitan Transportation Authority’s board of directors are scheduled to vote Thursday on whether to approve a study of the ride-hailing tax. They will also consider approving a study on congestion pricing. 😂😂😂😂 “Rideshare” apps were initially pushed as a solution to traffic congestion. Seems Uber and lyft are actually eliminating traffic....This looks like a shakedown
Source: latimes - 🏆 11. / 82 Read more »