Lyft’s Valuation Multiple Could Put It Ahead of Other Tech Stars

Mar 01 2019, 6:00 PMMar 01 2019, 8:06 PMMarch 01 2019, 6:00 PMMarch 01 2019, 8:06 PM

(Bloomberg) -- Lyft Inc. is shooting for the stars with its initial public offering. The ride-sharing company’s projected market capitalization to revenue multiple could make it more expensive than tech heavyweights such as Snap Inc., Facebook Inc. and Twitter Inc. Lyft disclosed sales of $2.2 billion in 2018, while its valuation is said to range from $20 billion to $25 billion, according to a person familiar with the matter.