Lyft did not disclose the market valuation it is seeking from public investors; it was last valued at $15.1 billion by private investors during a financing round in June. [Lyft and Uber said to offer drivers a chance to participate in I.P.O.s.] In 2018, Lyft’s revenue more than doubled to $2.2 billion from $1.1 billion in 2017, according to its filing. But losses mounted, rising to $911.3 million last year from $688.3 million in 2017, though they declined as a percentage of revenue. Total costs and expenses were $3.1 billion in 2018, up 77 percent from $1.8 billion in 2017.

Source: New York Times March 01, 2019 17:02 UTC