Home Blockchain News Lyft IPO: Beating Uber to the Punch Absolutely Crucial to Fuel Growth

Lyft IPO: Beating Uber to the Punch Absolutely Crucial to Fuel Growth

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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,

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