Some analysts recently noted that Lyft has a good PR strategy that continues to attrack drivers and riders. In fact, riders perceive Lyft as a friendlier ride-sharing company than Uber.
“We’re ready to be held accountable. We’re excited. In our case, I think what we’ve seen in talking to investors [is] that more people are maybe surprised to see the numbers that we’re putting out and I think this is a great part of the process. For us this wasn’t the goal — this is a milestone along the way — but we feel like it helps us with additional access to capital,” said Andrew Ross Sorkin, the co-founder and President of Lyft.
The second-ride hailing company is trading its share on the NASDAQ. It ended its trading debut with a market valuation of around $22.2 billion.
