The rideshare company, which has given over one billion rides and claims over 18 million active riders, actually filed for its IPO in December. Most of the coverage remarked that with the release of the prospectus, Lyft has “beaten” its bigger rival, fellow "unicorn" Uber, to market. More relevantly, an eye-opening number Lyft puts in the prospectus is that the rideshare giant claims 39% US marketshare as of December 2018. According to market research firm Second Measure, as of September 2018, Lyft had 29 percent of the market, compared with Uber's 69 percent. And like Uber, Lyft is also expanding into bicycles, electric scooters and other forms of transportation.

Source: Forbes March 01, 2019 23:45 UTC