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Abstract:All eyes will be on Lyft as it IPOs next week. Here's how it compares to its much larger competitor, Uber, on almost every metric.
Lyft is Wall Street's first shot at ride hailing. While the company is much smaller than Uber, it has been slowly gaining ground on its global competitor. Business Insider compiled numbers from Lyft's IPO filing to compare them to Uber's self-reported numbers from the past two years.All eyes are on Lyft this week as its executives head out on a roadshow to court investors across the country ahead of its hotly anticipated IPO.With the ride-hailing firm's prospectus finally public, it's the first time many of Lyft's financials have been opened up beyond the internet team.For analysts and investors, it's also the first time the comparison to Uber, Lyft's much larger competitor, is finally possible.Read more: Why insiders say the first-time CFO running Lyft's $20 billion IPO is the perfect fitUnlike Uber, which commands a slightly bigger market share in the US, Lyft has not reported its quarterly financials.Business Insider dug through the IPO filing to compare Lyft's performance in recent years to those of Uber.Compiled with other insights, like app installs and market data, they paint of a picture of a close race to dominate ride hailing in the US.
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