Lyft: The 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.
Lyft: The Path to a $25B IPO

Calculations are based on shares outstanding. Explain

Companies analyzed in the Path to IPO are chosen on the basis of interest to the investing public and are not necessarily those in which transactions have been completed on the EquityZen platform. An investment through EquityZen is not an investment in a primary funding round; accordingly it is unlikely that an investment through EquityZen will perform similarly to the primary funding rounds highlighted in the Path to IPO. Most private companies are not successful enough to have an IPO, and many successful private companies may elect to not have an IPO. Investing in a private company through EquityZen may result in a partial or complete loss of your investment.