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Lyft Priced, Nasdaq: LYFT

Operates an on-demand ridesharing app that connects riders and drivers.

Industry: Technology

Latest Trade: $46.10 0.00 (0.0%)

First Day Return: +8.7%

Return from IPO: -36.0%

Industry: Technology

Our mission is to improve people’s lives with the world’s best 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. We generate substantially all of our revenue from our ridesharing marketplace that connects drivers and riders. We collect service fees and commissions from drivers for their use of our ridesharing marketplace. As drivers accept more rider leads and complete more rides, we earn more revenue. We also generate revenue from the renting of bikes and scooters and making our ridesharing marketplace available to organizations through our Concierge offering, enabling them to request rides for their customers and employees.
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IPO News for Lyft
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IPO Data
IPO File Date 03/01/2019
Offer Price $72.00
Price Range $70.00 - $72.00
Offer Shares (mm) 32.5
Deal Size ($mm) $2,340
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 03/28/2019
Offer Price $72.00
Price Range $70.00 - $72.00
Offer Shares (mm) 32.5
Deal Size ($mm) $2,340
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters San Francisco, CA
Founded 2012
Employees 4,791
Website www.lyft.com