The paperwork Lyft filed in advance of its initial public offering offered new details on its business. But it left open some crucial questions.
But, even after the filing, there are still many things we don't know about the app-based taxi company. As Lyft moves closer to its expected market debut in early April, here are three big questions it still needs to answer:Is Lyft an automobile company, an internet company, or something else entirely?
One possibility is that Lyft will be covered by the same analysts as Tesla, a motley crew that looks at everything from the automotive sector to the renewable energy industry. in a deal that valued the app-based taxi company at $5.5 billion. Alphabet, whose Waymo subsidiary is considered the leader in self-driving cars, invested in Lyft in 2017 at an $11 billion valuation.
Lyft's IPO paperwork revealed that its two cofounders, Logan Green and John Zimmer, have special shares that will give them 20 votes per share. That means the two will each have a much bigger say in the company than their financial stakes. Between the two of them, Green and Zimmer own less than 5% of Lyft.
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