Lyft hopes to raise up to $2.4 billion in its initial public offering, setting the ride-hailing company up for a valuation of up to $23 billion, per a filing published this week. Lyft plans to sell itself “on the simplicity of its business,” CNBC said, citing Reuters. Rival Uber is also expected to announce its IPO soon; both companies have said they will give some longterm drivers money to buy shares ahead of the IPOs.
This is going to be interesting to watch. Lyft vs. Uber ?? Lyft hopes to raise up to $2.4 billion in its initial public offering, setting the ride-hailing company up for a valuation of up to $23 billion. Maybe Apple maps can buy Lyft and include it in their maps application. That integration would be pretty awesome! Thoughts? #valuation #IPO #lyftvsuber https://lnkd.in/etqEBVa
Lyft Prices IPO in Bid to Raise Up to $2.1 Billion https://bit.ly/2ThGBuh #tech #startups #IPO #venturecapital
Lead Content Designer @ Meta Reality Labs | Previously: Head of Aol Tech | Head of Digital @ TMZ | Founding editor @ Engadget | Features writer for WSJ, Observer, GQ, Playboy
Yes, Uber is bigger than Lyft, but some other numbers - like app ratings and employee sentiment - may surprise you. Here's the data and analysis as the two rideshare companies prep for IPO. #alternativedata #ridesharing
This range suggests optimism by Lyft in going public, as it's higher than the $15.1 billion it raised at a year ago. But the road to profitability is highly uncertain, as explained nicely here https://qz.com/1566120 so this feels like a real gamble for investors.
Just had the best Lyft ride home from SFO. Experience and technology worked well and the driver made the trip. George, Lyft driver #818, has been with Lyft for 6.5 years and delivered 21,500 rides. George and I had a pleasant and thoughtful conversation where he shared his story: marriage, relocation, friendship, loyalty. I learned something about appreciation, values, commitment and perseverance. I was psyched to hear that George was THRILLED Lyft offered him a financial thank you (via IPO). I shook his hand post ride and thanked him. #gratitude Role models are everywhere and sometimes you just have to look, ask and listen.
How Lyft and Uber could reverse roles...imagine this scenario: - Lyft IPOs at $20B and Uber at $120B - Google buys Lyft and makes it the default ride hailing option in Maps, giving Lyft exposure to its 150M monthly active US users (and 1B+ globally) - Consequently, Lyft’s market share rises from 30% to 70%, Uber’s drops from 70% to 30% - Uber’s valuation drops to $20B, and Google’s goes up by $120B #GoogleMapsCouldBeTheBiggestThreatToUber
Team Leader - Customer Success at Oracle
Lyft’s valuation: March 2019: $20-25 billion (targeted IPO valuation) June 2018: $15.1 billion March 2018: $11.7 billion March 2017: $6.9 billion March 2016: $5.5 billion March 2015: $2.5 billion March 2014: $700 million March 2013: $275 million June 2012: launched