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Lyft officially launched the tour of its initial public offering, announcing Monday the listing of more than 30 million shares at an anticipated price of between $ 62 and $ 68 each.
That would bring in more than $ 2 billion to the San Francisco company, whose market value was between $ 20 billion and $ 25 billion, although it has not yet managed to make a profit.
This is the first time that Lyft has revealed the funds it hopes to raise at the time of the IPO and the amount it deems worthy. These financial targets could still change as Lyft's investment bankers measure the company's demand for shares, which should lead to the price of the IPO, which should happen next week.
Lyft and Uber have run to be the first with an IPO, and Lyft's rival should propose stock in the coming weeks.
According to the Wall Street Journal, Uber hopes that its larger electronic toll service will justify a market value of up to $ 120 billion after its IPO later this spring.
Lyft released the financial details for the first time this month, raising $ 2.2 billion in revenue last year, more than double its $ 1.1 billion in revenue in 2017, but also a loss of $ 911 million. Lyft has lost nearly $ 3 billion since 2012, but has contributed more than $ 5 billion in venture capital.
Lyft's recent market share gains came as Uber was overwhelmed by reports that drivers had berthed pbadengers and that the company tolerated endemic badual harbadment inside the company. country. These problems eventually led his co-founder, Travis Kalanick, to resign. Uber worked to repair his image under the direction of Dara Khosrowshahi.
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