Lyft IPO: key facts
Lyft, the San Francisco-based ridesharing start-up, has beaten Uber to the punch by filing for an IPO. One of the so-called decacorns expected to list this year, Lyft was founded in 2012 and operates in 300+ North American cities. Over the last two-and-a-half years the firm has increased its market share to 39 percent with 18.9 million active users – but seen its operational costs spiral accordingly.
Company name: Lyft Inc.
Ticker symbol: LYFT
Exchange: NASDAQ
Exp. listing date: 29 March
Exp. price range: USD 70–72
Filing amount: Up to USD 2.1bn
Shares offered: 31mn
Exp. market cap: USD 19.6-23bn
Available as: Cash stock and single stock CFD*
* Saxo will offer trading on the secondary market from Lyft’s first day as a listed company. Its shares will be available for online order entry after the markets close on 28 March (with an expected listing date of 29 March).