Lyft (LYFT) Announces March 25th IPO
In the last year, Lyft generated $2.2 billion in revenue and had a net loss of $911.3 million.
J.P. Morgan, Credit Suisse and Jefferies acted as the underwriters for the IPO and UBS Securities, Stifel, Nicolaus, RBC Capital Markets, KeyBanc Capital Markets, Cowen and Company, Raymond James & Associates, Canaccord Genuity, Evercore Group, Piper Jaffray, JMP Securities, Wells Fargo Securities, KKR Capital Markets, Academy Securities, Blaylock Van, Penserra Securities, Siebert Cisneros Shank, The Williams Capital Group, CastleOak Securities, C.L. King & Associates, Drexel Hamilton, Great Pacific Securities, Loop Capital Markets, Mischler Financial Group, Samuel A. Ramirez, R. Seelaus and Tigress Financial Partners were co-managers.
Lyft provided the following description of their company for its IPO: “Lyft started a movement to revolutionize transportation. In 2012, we launched our peer-to-peer marketplace for on-demand ridesharing and have continued to pioneer innovations aligned with our mission. Today, Lyft is one of the largest and fastest-growing multimodal transportation networks in the United States and Canada. To date, we have facilitated over one billion rides. “.
Lyft was founded in 2007 and has 4680 employees. The company is located at 185 Berry Street, Suite 5000, San Francisco, CA 94107 and can be reached via phone at (844) 250-2773 or on the web at https://www.lyft.com.
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