Lyft files for $100 million IPO

Updated 4:35 p.m. ET, March 1, 2019
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11:51 a.m. ET, March 1, 2019

Finally we get a look underneath the hood at Lyft

From CNN Business' Jordan Valinsky

Lyft, the ride-hailing company, filed paperwork on Friday to raise as much as $100 million in its public offering. The amount could change, depending on investor demand.

Its revenue more than doubled last year to nearly $2.2 billion, but losses widened to $911 million last year.

Lyft had more than 30 million riders and 1.9 million drivers last year.