Rideshare giant Lyft (LYFT) raised $2.3 billion in one of 2019’s marquee IPOs on Friday. Investors got their first chance to buy into the emerging ridesharing industry, which has already reshaped global transportation. Lyft boasts 103% growth with $2.2 billion in sales, figures matched only by its equally-stunning losses. The company went public with a trailing EBITDA loss of -$944 million, more than any other IPO, ever.
On its first day, Lyft opened at about $87 (+21%), finished at $78 (+9%), and by Monday had broken below its offer price.
Below we show the 10 companies with the largest losses at IPO, ranked by trailing EBITDA. Lyft has the steepest losses of the group, but also...
To read the entire article, sign up for a free 7-day trial of IPO Pro, the single, most effective IPO data platform you'll ever need.
