Lyft released its long-awaited IPO prospectus Friday, revealing company financials and IPO expectations for the first time.
The company lost more than $900 million in 2018, but nearly doubled revenue to $2.1 billion last year.
The ride-hailing company has been racing competitor Uber to the public markets. It's likely to be among the first of a hefty class of 2019 public offerings. Lyft announced in December it had confidentially filed for an IPO, but declined to add financial specifics then.
Reuters reported earlier that Lyft expects to be valued between $20 billion and $25 billion in its IPO. Uber, which has been releasing unaudited financials for several quarters, was said to seek valuation as high as $120 million for its upcoming IPO, according to The Wall Street Journal.
This story is developing. Please check back for updates.
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