Lyft Files IPO
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Lyft filed its IPO with the SEC. The company plans to list on the NASDAQ under the symbol 'LYFT'. The proposed maximum offering size is $100 million.
The offering is being led by JP Morgan, Credit Suisse and Jefferies. UBS, Stifel, RBC, KeyBanc, Cowen, Raymond James, Canaccord Geunity, Evercore ISI, Piper Jaffray, JMP, Wells Fargo, KKR, Academy Securities, Blaylock Van, Panserra, Siebert Cisneros Shank, The Williams Capital Group are also helping.
The company had 30.7 million riders in 2018 and 1.9 million drivers.
Bookings in 2018 were $8.1 billion, while revenue was $2.2 billion.
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