Lyft's co-founder took a subtle dig at Uber's business model and company culture — without calling it out by name
Lyft is not pulling any punches as it seeks to raise $2 billion at a $23 billion valuation in its initial public offering ahead of its larger rival, Uber.
Among those reasons, Zimmer says,"We are founder-led. We have one of the largest and fastest-growing multimodal transportation networks. We are solely focused on consumer transportation. Not food. Not trucking. We have a strong brand based on our strong values. And we have the right autonomous strategy."
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Lyft hits the road ahead of Uber to lure investors - Reuters TVRide-hailing platform Lyft will launch the investor road show for its initial public offering on Monday, seeking to raise as much as $2 billion and to be valued at more than $20 billion, according to people familiar with the matter.
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Taxi-hailing firm Gett will reportedly file for IPO this yearRivals Uber and Lyft are also both expected to float their business in 2019.
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Uber will officially launch its IPO in April with its first public filingsThe ride-hailing giant follows Lyft, which filed its first public documents earlier this March.
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Lyft makes flattering “contribution” to accountingThe term commonly means revenue less variable costs. The ride-hailing firm’s take on it excludes even some of those outlays and suggests healthy profit in the future. Like WeWork’s “community-adjusted EBITDA” prospective IPO investors should probably ignore the metric altogether.
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Lyft will reportedly launch road show for up to $2 billion IPORide-hailing platform Lyft will launch the investor road show for its initial public offering on Monday, March 18.
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Lyft to Seek Valuation of Up to $23 Billion in Its IPOLyft plans to peg its valuation at between $21 billion and $23 billion when the ride-hailing service kicks off the roadshow to market its initial public offering Monday, according to people familiar with the matter.
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Investor group calls on Lyft to scrap dual-class share structure plan: FTA group of investors has called on Lyft Inc's board to scrap a proposed dua...
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Lyft to launch road show for up to $2 billion IPO: sourcesRide-hailing platform Lyft Inc will launch the investor road show for its initia...
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Lyft opens up its IPO road show, offers 30 million shares
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Lyft sets terms of IPO to raise up to $2.1 billionLyft Inc. set terms of its initial public offering, confirming the ride-hailing service is looking to raise up to $2.09 billion. The company said it offering 30.77 million Class A shares to the public, at an expected price of $62 to $68 a share. After the IPO, Lyft will have 271.37 Class A shares outstanding and 12.78 million Class B shares, holders of which will have 20 votes and can convert them into one Class A share, which was one vote. The Wall Street Journal originally reported the terms of the IPO late Sunday, which pegs Lyft's valuation at between $21 billion to $23 billion. The Class A shares have been approved to list on the Nasdaq Global Select Market under the ticker symbol "LYFT." The lead underwriters are J.P. Morgan, Credit Suisse and Jefferies. In 2018, Lyft recorded a net loss of $911.3 million, or $43.04 a share, after a loss of $688.3 million, or $35.53 a share, in 2017. Revenue more than doubled to $2.16 billion from $1.06 billion. Lyft is going public at a time that the Renaissance IPO ETF has run up 28% over the past three months and the S&P 500 has gained 11%.
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