Lyft beats Uber to participate in the initial public offering for savings in the search for $ 100 million and announces a turnover of $ 2.2 billion for 2018



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Lyft officially filed today its IPO with the SEC (via CNN) because it seems to be able to raise up to $ 100 million under the symbol LYFT on the Nasdaq. This decision comes as Lyft's main competitor, Uber, is also expected to make its initial public offering shortly.

Although Lyft expects to raise up to $ 100 million, investor demand could change that figure. The Lyft depot indicates that the company is striving to diversify its business with bicycles, scooters, ridesharing, etc., in addition to traditional Lyft rides.

Today, our offer includes an extensive set of modes of transportation, such as access to a network of shared bicycles and scooters for shorter trips and multimodal journeys of the first and last mile. We have also recently added information on nearby public transit routes in some cities to provide cyclists with an overview of transportation options. Our multimodal platform allows TaaS, which we believe offers a viable alternative to owning a car. We anticipate that demand for our offerings will continue to grow as more and more people discover the convenience, experience and affordable cost of using Lyft.

With respect to its current operations, Lyft reported 18.6 million "active drivers" and over 1.1 million drivers during the 2018 vacation quarter. During the year, 1, 9 million Lyft drivers accompanied 30.7 customers.

Lyft IPO

In the last three years of financial performance, the company has experienced strong growth in sales, but has made no profit in those years. Lyft recorded a $ 911 million loss in 2018 on a $ 2.2 billion business figure.

Our revenues were respectively 343.3 million USD, 1.1 billion USD and 2.2 billion USD in 2016, 2017 and 2018, representing growth of one year on the other of 209% between 2016 and 2017 and 103% between 2017 and 2018. We have generated orders of $ 1.9 billion, $ 4.6 million and $ 8.1 billion in 2016, 2017 and 2018, respectively. represents an annual growth of 141% from 2016 to 2017 and 76% from 2017 to 2018. Our net loss is $ 682.8 million, $ 688.3 million and $ 911.3 million. In 2016, in 2017 and 2018, respectively, our contribution is $ 82.0 million, $ 400.9 million and $ 920.8 million in 2016, 2017 and 2018, respectively.

While Lyft currently only exists in the United States and Canada, Apple has invested $ 1 billion in 2016 in Didi Chuxing, the Chinese competitor Uber, but Lyft could join the international carpool market, reports going back to 2017 suggest that Lyft is working on a global deployment.

Another interesting thing about Lyft is that it considers, among other things, Apple a threat to its business. The Titan project would have shifted several times, but it had recently been suggested that Apple could produce its own vehicle after all, instead of working solely on autonomous vehicle software.

Uber should not be too far behind Lyft with its own IPO with an estimated valuation of more than $ 100 billion.


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