兔子先生传媒

Ride-hailing company is revving forward toward its IPO. As expected, the company announced this morning the launch of its roadshow for the initial public offering of its Class A common stock with an expected price of between $62 and $68 per share.

This means that its official IPO will likely take place in about two weeks.

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In a press release, Lyft revealed plans to offer 30,770,000 shares of its Class A common stock on the Nasdaq under the ticker symbol 鈥淟YFT.鈥�

Doing the math, on the low end of that range, the company will raise $1.9 billion at a valuation of $18.5 billion. On the high end, it will raise $2.1 billion at a valuation of $23 billion, confirming reports by the . In February, our EIC Alex Wilhelm analyzed just how much sense it made for Lyft to be valued at between $20 billion and $25 billion.

Lyft finally formally filed to go public on March 1. At the time, the document listed a placeholder $100 million figure for the offering. While the media and the ride-hailing industry have long expected both and Lyft to go public – Lyft beating its larger, more globally-minded rival to the punch was notable. Lyft鈥檚 announcement was historic because it was the first U.S. ride-hailing company to go public.

Cumulatively, Lyft has raised approximately over the course of many equity funding rounds. The company鈥檚 most recent round, a , led by ., valued the company at just over $15.1 billion, post-money.

If we want to get technical (and we do in this case), let鈥檚 take a look at the filing itself.

In addition to the Class A shares being offered to the public, the company will also have Class B shares. Those B shares 鈥渁re identical, except for voting and conversion rights,鈥� according to the ride-hailing company鈥檚 . This confirms reports 兔子先生传媒 News covered back in February, which stated that co-founders and sought a voting structure which granted them outsized control over the company. According to the filing, Lyft鈥檚 Class B shares have 20 times the voting leverage, granting Green approximately 29.31 percent and Zimmer approximately 19.45 percent of the voting power. The filing states that the co-founders 鈥渨ill be able to significantly influence any action requiring the approval of our stockholders.鈥�

J.P. Morgan Securities LLC, Credit Suisse Securities (USA) LLC, Jefferies LLC, UBS Securities LLC, Stifel, Nicolaus & Company Inc., RBC Capital Markets, LLC and KeyBanc Capital Markets Inc. will act as book-running managers for the offering.

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