Lyft Touts Revenue, Values in Pitch to Investors

Lyft is seeking to raise as much as $2.1 billion in an initial public offering valuing the ride-hailing company at about $20 billion. Lyft’s executives, in the video seen by Bloomberg, tout their San Francisco-based company as a founder-driven startup reshaping the transportation industry. Chief Executive Officer Logan Green, also a co-founder, says in the video that Lyft has an opportunity “to deliver the largest shift to society since the invention of the car.” As of 2018, more than a quarter million Lyft riders have given up their cars because of the company’s service, according to one of the video’s narrators.