Lyft IPO Shows $2.1B Revenue for 2018
The ride-hailing company also reported a loss of $911 million.
In 2018, the San Francisco-based ride-hailing firm reported losses of $911 million and a revenue of $2.1 billion.
Photo via Lyft.
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.
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