Lyft went public earlier than its rival Uber and surprised by a higher overall rating than expected.
Lyft goes public with an overall valuation of nearly $25 billion – which is significantly more than the company was originally credited with. Lyft raised more than $2 billion from investors in the IPO. The Californian company, which has been active only in the US and Canada, doubled its turnover in 2018 to 2.2 billion dollars. But Lyft does not write black numbers, it incurred an annual loss of $911 million.
The much larger competitor Uber is also preparing an IPO. According to US media, banks have already provided an overall assessment of up to $120 billion. Some large companies are currently aiming for the stock market to – preparations are also in full swing at the online photo service Pinterest and Slack. Airbnb also wants to celebrate its stock market debut this year.