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Lyft To Go Public in Mega IPO, But Will It Ever Be Profitable?
Lyft will be the first ride-hail company in history to go public and is chasing a $1.2 trillion U.S. consumer transportation market. Despite growing to $2.2 billion in revenue, Lyft continues to generate staggering losses, losing over $900 million in 2018 alone. Our coverage report delves into whether Lyft will ever be profitable and what it would take to get there.
- , of EquityZen
How Did Get Here?
Lyft: Path to a $25B IPO
On March 29, 2019, Lyft became the first publicly traded ride-hail company in history by listing on the Nasdaq under the ticker "LYFT." The company raised approximately $2.5 billion from public investors at a $25 billion fully-diluted valuation ($72 per share). Lyft had last raised capital in June 2018 at a valuation of approximately $15 billion ($47.35 per share). Early investors like Floodgate, Founders Fund and Andreessen Horowitz waited 10+ years for Lyft to publicly list and were handsomely rewarded with 70%+ internal rates of return.
