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# NEW YORK – Lyft opens its IPO road show, to offer more than 30M shares
- URL: https://www.smdp.com/lyft-opens-its-ipo-road-show/
- Published: 2019-03-19T12:54:51.000Z
- Updated: 2024-12-04T14:11:07.000Z
- Author: news
- Tags: Business, Community, News, Transportation, IPO road show, lyft, Uber, #wp, #wp-post, #Import 2025-11-06 12:50

Lyft officially kicked off the road show for its initial public offering with more than 30 million shares expected to sell for between $62 and $68 per share.

That would raise more than $2 billion for the San Francisco ride-hailing company, which could be valued between $20 billion and $25 billion eventually.

Lyft has been in a race with Uber to be first to offer its stock to the public.

Lyft released financial details for the first time this month, reporting $2.2 billion in revenue but $911 million in losses. Lyft executives warned that the company could struggle to turn a profit.

The company has lost nearly $3 billion since 2012, but has brought in more than $5 billion in venture capital.

Associated Press