Lyft, the ride-hailing giant based in the U.S., has officially filed its S-1 IPO registration and is set to be listed on the NASDAQ by April, before Uber. Early reports suggest Lyft is expected to secure over $100 million from the IPO and is forecasting a valuation of around $20 to $25 billion. Overvalued? Lyft Records $911 Million Net Loss in 2018 In its S-1 filing, Lyft disclosed that the company recorded a net loss of $911 million in 2018, up by more than $200 million since 2016. Although the company has generated substantial losses in the past three years,
The post Lyft IPO: Beating Uber to the Punch Absolutely Crucial to Fuel Growth appeared first on CCN
* First published on ccn.com
