{"id":8071,"date":"2019-03-01T18:39:06","date_gmt":"2019-03-01T18:39:06","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/lyft-losses-grow-ahead-of-25bn-flotation\/"},"modified":"2019-03-01T18:39:06","modified_gmt":"2019-03-01T18:39:06","slug":"lyft-losses-grow-ahead-of-25bn-flotation","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/lyft-losses-grow-ahead-of-25bn-flotation\/","title":{"rendered":"Lyft losses grow ahead of $25bn flotation"},"content":{"rendered":"\n<div property=\"articleBody\">\n<figure class=\"media-landscape no-caption full-width lead\"><span class=\"image-and-copyright-container\"><\/p>\n<p>                <img loading=\"lazy\" decoding=\"async\" class=\"js-image-replace\" alt=\"Lyft car\" src=\"https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/12E49\/production\/_105858377_lyft1.jpg\" width=\"976\" height=\"549\"\/><span class=\"off-screen\">Image copyright<\/span><br \/>\n                 <span class=\"story-image-copyright\">Getty Images<\/span><\/p>\n<p>            <\/span><\/p>\n<\/figure>\n<p class=\"story-body__introduction\">Lyft, the ride-hailing company, has revealed that it is yet to make a profit ahead of an initial public offering (IPO) which could value the firm at between $20bn and $25bn.<\/p>\n<p>The company is racing its larger ride-sharing rival Uber to list its stock.<\/p>\n<p>In its prospectus, Lyft published detailed financials for the first time, showing that while revenue rose to $2.2bn in 2018, losses grew to $911.3m.<\/p>\n<p>It will join New York&#8217;s Nasdaq and its stock market symbol will be Lyft.<\/p>\n<p>Lyft is currently valued at $15bn, just seven years after it was founded by technology entrepreneurs John Zimmer and Logan Green.<\/p>\n<p>Reuters reported Lyft will launch its road show around 18 March, where the company will meet with prospective investors to drum up demand for its shares.  <\/p>\n<figure class=\"media-landscape no-caption full-width\"><span class=\"image-and-copyright-container\"><\/p>\n<p>                 <span class=\"off-screen\">Image copyright<\/span><br \/>\n                 <span class=\"story-image-copyright\">Getty Images<\/span><\/p>\n<p>            <\/span><\/p>\n<\/figure>\n<p>Both the company and Uber confidentially filed for an IPO with the US Securities and Exchange Commission in December but Lyft is the first to make the documents public.<\/p>\n<p>They show that Lyft generated sales of $343.3m in 2016 which grew to $1.1bn the following year before doubling in 2018.<\/p>\n<p>However, losses have widened from $682.8m in 2016 to $688.3m the year after and $911.3m in the last 12 months.<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.co.uk\/news\/business-47410883\">Source<\/a> by <a href=\"\">[author_name]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Image copyright Getty Images Lyft, the ride-hailing company, has revealed that it is yet to make a profit ahead of an initial public offering (IPO) which could value the firm at between $20bn and $25bn. The company is racing its larger ride-sharing rival Uber to list its stock. In its prospectus, Lyft published detailed financials &hellip; <\/p>\n","protected":false},"author":0,"featured_media":8072,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8071","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/8071","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=8071"}],"version-history":[{"count":0,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/8071\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media\/8072"}],"wp:attachment":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=8071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=8071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=8071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}