Lyft IPO Shows $2.1B Revenue for 2018

As Lyft gears up to go public at the end of the month, the ride-hailing company filed its initial public offering prospectus Friday, CNBC reports.

The prospectus offered some glimpses at Lyft's financials. In 2018, the San Francisco-based ride-hailing firm reported losses of $911 million and a revenue of $2.1 billion. 

The prospctus also revealed strategic investors in the company, according to PYMNTS. Japanese eCommerce company Rakutenowns 12.2%; General Motors owns 7.3%; venture capital firm Andreessen Horowitz has 5.9%; Google's parent company Alphabet owns around 5%. About another 7% is is ownded by Lyft's two co-founders.

Lyft plans on being traded on the Nasdaq Stock Market under the ticker LYFT.

Previous reports have said that Lyft will be valued between $20 and $25 billion when it goes public.