Nasdaq Welcomes Lyft, Inc. (Nasdaq: LYFT) to The Nasdaq Stock Market
March 29 2019 - 2:01PM
Lyft, Inc. (Nasdaq: LYFT), the fast-growing multimodal
transportation network, rang the Nasdaq Opening Bell remotely from
their new Driver Center in Los Angeles, California today in
celebration of their initial public offering (IPO) on The Nasdaq
Stock Market. The new Lyft Driver Center speaks to the company’s
commitment to the local communities of drivers and riders.
In 2012, Lyft started a movement to revolutionize transportation
with the launch of their peer-to-peer marketplace for on-demand
ridesharing. They have established a scaled network of drivers and
riders brought together by their robust technology platform that
powers millions of rides and connections every day. They leverage
their technology platform, and insights from over one billion rides
to continuously improve their ridesharing marketplace efficiency
and develop new offerings.
Logan Green, Lyft’s Chief Executive Officer and Co-Founder said:
“Today is an important milestone in Lyft’s history as we focus on
improving people’s lives with the world’s best transportation. Over
the past 10 years, we’ve made tremendous progress toward our
long-term vision of a world that is built around people, not cars.
We’re in the early stages of a full shift to
Transportation-as-a-Service, which offers more affordable, reliable
and enjoyable experiences across ridesharing, bike and e-scooter
sharing and transit. The road ahead represents a massive
opportunity to serve our communities and drive value for our
stockholders. We are proud of the momentum and even more excited by
what lies ahead.”
John Zimmer, Lyft's President and Co-Founder, said: “In today’s
world, operating with a genuine mission is essential to
establishing a successful long-term business. Our team’s
industry-leading growth against the odds has been rooted in a
strong set of values and a shared purpose to improve people’s lives
with the world’s best transportation. We take our responsibility to
serve local communities and stockholders seriously, and we look
forward to proving that with both actions and results. We are
excited to be joining The Nasdaq Stock Market as we work to deliver
one of the most significant shifts to society since the advent of
the car.”
“Lyft is focused on revolutionizing the transportation industry
and continues to lead the market in innovation,” said Nelson
Griggs, President of the Nasdaq Stock Exchange. “Their company
values, brand and focused execution have driven significant growth
in market share. Lyft’s driver- and community-centric mission
allows the company to improve transportation, with the goal of
improving people’s lives socially, economically and
environmentally. We couldn’t be more proud to welcome them to
Nasdaq’s family of the world’s most innovative companies.”
The information contained above is provided for informational
and educational purposes only, and nothing contained herein should
be construed as investment advice, either on behalf of a particular
security or an overall investment strategy. Information about the
company is provided by the company or comes from the company’s
public filings and is not independently verified by Nasdaq. Neither
Nasdaq nor any of its affiliates makes any recommendation to buy or
sell any security or any representation about the financial
condition of any company. Statements regarding Nasdaq-listed
companies are not guarantees of future performance. Actual results
may differ materially from those expressed or implied. Past
performance is not indicative of future results. Investors should
undertake their own due diligence and carefully evaluate companies
before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY
ADVISED.
About NasdaqNasdaq (Nasdaq: NDAQ) is a leading
global provider of trading, clearing, exchange technology, listing,
information and public company services. Through its diverse
portfolio of solutions, Nasdaq enables customers to plan, optimize
and execute their business vision with confidence, using proven
technologies that provide transparency and insight for navigating
today's global capital markets. As the creator of the world's first
electronic stock market, its technology powers more than 100
marketplaces in 50 countries. Nasdaq is home to over 4,000 total
listings with a market value of approximately $12 trillion. To
learn more, visit business.nasdaq.com.
MEDIA RELATIONS CONTACT:
- Emily Pan
- (646) 441-5120
- emily.pan@nasdaq.com
|
- Bianca Fata
- (646) 441-5073
- bianca.fata@nasdaq.com
|
- NDAQG -
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/426347ac-3a95-4db5-8dcb-b7db1ee1801d
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