How Much is Lyft Worth? The Answer May Surprise You

by Eric

Though many of us take advantage of ridesharing services such as Lyft and Uber, the actual financial value of these companies is complicated because they are private companies, and have been focused on developing market share, rather than turning a profit so far.


Recently, Lyft Inc, indicated that they are looking to raise up to $1 billion in a Series F funding round. The company is selling 37.3 million shares of preferred stock to investors for $26.79 per share, according to the filing dated December 18, 2015.  This means that if all of the shares are issued, Lyft would have an approximate valuation of $4.88 billion dollars!  Whether this is an excessive valuation will be up to shareholders, but Lyft’s co-founder did report that in October 2015, the company reached $1 billion in gross annual revenue.

However, even at this valuation, it would pale in comparison to Uber, which is worth approximately 12 (!) times more.  It is amazing to me that these companies did not exist a decade ago, and are now worth more than many Fortune 500 companies.  In fact, as of late 2014, Uber was worth more than the majority of Fortune 500 companies.

The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.


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