Lyft IPO

Lyft’s IPO (Initial Public Offering) was its process of selling shares to the public for the first time, allowing individuals and institutions to invest in the company. Launched in March 2019, Lyft offered shares on the stock market, enabling the company to raise capital to expand its ride-hailing services and compete with other firms like Uber. The IPO also provided early investors a chance to cash out some of their holdings. Essentially, Lyft's IPO marked its transition from a private startup to a publicly traded company, making its financial details more transparent and opening its growth to a broader investor base.