06 Mar Lyft’s IPO is Coming
The first of many tech companies file for IPO.
Some other companies that plan on filing for IPO are Uber, Airbnb, Pinterest, Palantir, and Slack. “Lyft became the first unicorn of 2019 to file its S-1 registration statement, indicating a strong start to the year for unicorn IPOs,” said Rob Peters, senior director at SEC compliance analytics firm Intelligize. Once private companies go public everyone is able to see all the internal workings from behind the scenes. During the filing, Lyft came out and stated that they had “30.7 million riders in the US and Canada in 2018 and that it had 1.9 million drivers last year.” Lyft also handled more than 1 billion rides.
According to research from Lyft, 95% of the US population has the ability to use Lyft. Lyft mentions that “almost half of our riders reported that they use their cars less because of Lyft, and 22% reported that owning a car has become less important” to them. In addition, Lyft increased its active riders by 47% in the fourth quarter of 2018.
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