U.S. ride-hailing firm Lyft appears set to surpass its sought-after IPO valuation range of $20 billion to $25 billion, based on our analysis of its IPO filing on Friday. It could be valued at between $26 billion and $28 billion, given the company’s robust revenue growth in the fourth quarter. (See related article here.)
That’s good news for Lyft’s early investors who put money in at valuations ranging from several million dollars to its most recent private fundraising at a $15 billion valuation. Among the investors likely to do well are: General Motors, whose $500 million investment in 2016 could be worth more than $2 billion once the company goes public; Japan-based commerce firm Rakuten, which invested more than $700 million since 2015, a stake that could be worth more than $3 billion post-IPO. Stakes held by Alphabet, which put in $500 million roughly a year ago, and Andreessen Horowitz, which invested $60 million in 2013, could be worth $1.4 billion and $1.6 billion, respectively.