美国证券交易委员会-网约车独角兽Lyft_IPO_报告-S-1版（英文）-2019.3.1-278页_8mb

Lyft, Inc. IPO Summary

Core Content

Lyft, Inc. is launching its initial public offering (IPO) of Class A common stock, with an estimated maximum aggregate offering price of $100,000,000. The IPO is expected to be effective as soon as practicable and the shares will be listed on the Nasdaq Global Select Market under the symbol "LYFT". The offering includes a directed share program for our directors, employees, their families, and certain drivers, with the underwriters reserving up to a specified number of shares for this purpose. The underwriters also have the option to purchase additional shares if the offering exceeds the initial amount.

Main Points

• Company Overview:
  Lyft started in 2012 as a peer-to-peer ridesharing platform and has grown into one of the largest and fastest-growing multimodal transportation networks in the U.S. and Canada.

  • In 2018, Lyft had 30.7 million riders and 1.9 million drivers.
  • Total bookings in 2018 reached $8.1 billion, with revenue at $2.2 billion.
  • The company has facilitated over 1 billion rides since its inception.

• Mission:
  Lyft's mission is to "improve people's lives with the world's best transportation", focusing on creating a more sustainable, convenient, and affordable transportation ecosystem.

• Stock Structure:

  • Lyft has two classes of common stock: Class A and Class B.
  • Class A shares carry 1 vote per share, while Class B shares carry 20 votes per share and are convertible into Class A shares.
  • Logan Green and John Zimmer, the co-founders, will hold significant voting power, allowing them to influence major corporate decisions.

• Financial Highlights (2016–2018):

  • Revenue: $343.3 million (2016), $1.1 billion (2017), $2.2 billion (2018)
  • Bookings: $1.9 billion (2016), $4.6 billion (2017), $8.1 billion (2018)
  • Net Loss: $682.8 million (2016), $688.3 million (2017), $911.3 million (2018)
  • Contribution: $82.0 million (2016), $400.9 million (2017), $920.8 million (2018)

• Market Share:

  • In December 2018, Lyft had 39% U.S. ridesharing market share, up from 22% in December 2016.

• Key Business Metrics:

  • Active Riders: 18.6 million as of the quarter ended December 31, 2018.

• Technology and Innovation:

  • Lyft has developed a multimodal platform that offers access to shared bikes, scooters, and public transit information.
  • The company has pioneered shared rides and autonomous vehicle technology, with an Open Platform for developers and its own Level 5 Engineering Center.

• Company Culture and Values:

  • Core values: Be Yourself, Uplift Others, Make it Happen.
  • A culture that emphasizes authenticity, empathy, and social responsibility.
  • This culture helps attract and retain users, and has contributed to Lyft's brand recognition.

• Future Goals:

  • Continue to expand the TaaS (Transportation-as-a-Service) model.
  • Increase market share and user base through innovation and strategic partnerships.
  • Improve transportation efficiency and sustainability.

Key Information

• IPO Price Range: Not specified in the document.
• Underwriting: The underwriters include J.P. Morgan, UBS Investment Bank, Stifel, Credit Suisse, RBC Capital Markets, KeyBanc Capital Markets, and others.
• Directed Share Program: Allows certain drivers, employees, and their families to purchase shares at the IPO price.
• Emerging Growth Company Status: Lyft is treated as an emerging growth company under the Jumpstart Our Business Startups Act, which allows for reduced disclosure obligations.
• Tax Consequences: Information on tax implications for non-U.S. holders is included in the prospectus.

Summary of Financial Metrics

Risk Factors

• The document includes a section titled "Risk Factors" that outlines key risks associated with investing in Lyft's Class A common stock, which should be reviewed before making an investment decision.

Legal and Regulatory Considerations

• The Securities and Exchange Commission (SEC) has not approved or disapproved the offering.
• This prospectus is current only as of its date and is not responsible for any information provided by third parties.
• The offering is subject to the laws of the United States and may not be available in other jurisdictions without proper authorization.

Conclusion

Lyft is positioning itself as a leader in the Transportation-as-a-Service (TaaS) movement, leveraging its multimodal platform, innovative technology, and strong brand identity to drive growth and change in the transportation industry. The IPO provides an opportunity for investors to participate in the company's journey as it continues to expand its reach and impact across North America.