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Lyft Files S-1

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Re: Lyft Files S-1

#11

Post by cm2012 »

chollida1 wrote: post #4

Some stylized notes: - If they do go public for $20B+ they that would be for more than Twitter and Facebook went public for. Would you really want to own Lyft over FB and TWTR the day they went public? That's a very large ask of the public markets. EDIT To be clear I"m talking about their valuation multiple not the abs valuation. - working with JPMorgan, Credit Suisse and Jefferies. So I guess we know 3 banks who won…

I've seen some graphs showing Uber Eats growth being insane and with a higher marginal profit, so you might be on to something there.

Re: Lyft Files S-1

#12

Post by us0r »

>In January 2019, we entered into an addendum to our commercial agreement with AWS, pursuant to which we committed to spend an aggregate of at least $300 million between January 2019 and December 2021 on AWS services. If we fail to meet the minimum purchase commitment during any year, we may be required to pay the difference, which could adversely affect our financial condition and results of operations.

Not as bad as snap but what could they possibly be spending $100 million a year on?

Re: Lyft Files S-1

#13

Post by nemo44x »

nevir wrote: post #9
randomacct3847 wrote: post #7

Biggest thing I noticed is that the cofounders only own a little more than 1m shares each, which is less than .5% each! Painful amount of dilution....wow.

Might be a conscious choice?

Conscious in that they had to sell large pieces of the pie to fuel growth with all the cash burn that has entailed.

Re: Lyft Files S-1

#14

Post by darkerside »

jonknee wrote: post #3

2018 revenue of $2.16B, with a loss of $911.3M. Oof. Though as a passenger I can't say I mind buying $2 bills for $1!

2017 Compared to 2018

* As a percentage of revenue, cost of revenue decreased from 62% to 58%.

* As a percentage of revenue, sales and marketing expenses decreased from 54% to 37%.

These seem to be positive signs.

Re: Lyft Files S-1

#15

Post by beering »

randomacct3847 wrote: post #7

Biggest thing I noticed is that the cofounders only own a little more than 1m shares each, which is less than .5% each! Painful amount of dilution....wow.

Were the cofounders able to cash out shares previously? Maybe they took some chips off the table?

Re: Lyft Files S-1

#16

Post by jonny_eh »

chollida1 wrote: post #4

Some stylized notes: - If they do go public for $20B+ they that would be for more than Twitter and Facebook went public for. Would you really want to own Lyft over FB and TWTR the day they went public? That's a very large ask of the public markets. EDIT To be clear I"m talking about their valuation multiple not the abs valuation. - working with JPMorgan, Credit Suisse and Jefferies. So I guess we know 3 banks who won…

Looks like revenue grew by $263M and losses grew by $59M. Seems somewhat promising to me.

Re: Lyft Files S-1

#18

Post by CondensedBrain »

chollida1 wrote: post #4

Some stylized notes: - If they do go public for $20B+ they that would be for more than Twitter and Facebook went public for. Would you really want to own Lyft over FB and TWTR the day they went public? That's a very large ask of the public markets. EDIT To be clear I"m talking about their valuation multiple not the abs valuation. - working with JPMorgan, Credit Suisse and Jefferies. So I guess we know 3 banks who won…

I think investors are mostly betting on self-driving cars being closer than anyone thinks. The first company to get rid of its drivers wins.

Re: Lyft Files S-1

#19

Post by refurb »

chollida1 wrote: post #4

Some stylized notes: - If they do go public for $20B+ they that would be for more than Twitter and Facebook went public for. Would you really want to own Lyft over FB and TWTR the day they went public? That's a very large ask of the public markets. EDIT To be clear I"m talking about their valuation multiple not the abs valuation. - working with JPMorgan, Credit Suisse and Jefferies. So I guess we know 3 banks who won…

It is going to be interesting to see how Uber/Lyft play out. I assume prices will just increase until profitable, but that will undoubtedly cause a decrease in paid rides as people will move to alternative transportation.
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