Lyft on Friday released its long-awaited IPO prospectus, revealing for the first time the company's financial data and a growing share of the stimulus market.
Average revenue per active user has increased at a less constant rate, reflecting pricing experiences. Lyft often offers discounts to customers who are no longer used and has recently introduced a subscription service.
Rakuten, a Japanese company specializing in display technology, should see the biggest boon of a first success. The company holds a 13% stake in Lyft, followed by 7.8% of General Motors and 7.7% of Fidelity. The venture capital firm Andreessen Horowitz owns 6.3% and Alphabet 5.3%.
Co-founders Logan Green and John Zimmer will retain "concentrated control" of voting shares through a two-class system, depending on the file. The prospectus does not specify the percentage of the voting class held by Green and Zimmer, but a person familiar with the plans told CNBC that their combined holdings would represent less than 50% of the voting rights.
The drivers of the company will also benefit. Lyft drivers who are "in good standing" will be awarded a one-time cash bonus between $ 1,000 and $ 10,000, depending on the number of trips made. Drivers can choose to use this bonus to buy shares of the company through a directed stock program.
Lyft has been nominated three times on CNBC's list of 50 disrupters, ranking fifth on the 2018 list.
J.P. Morgan, Credit Suisse and Jefferies are the main underwriters of the offer. The largest shopping center
Clarification: This story has been updated to remove an incorrect number for Lyft bookings in 2018.
– Deirdre Bosa from CNBC contributed to this report.
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