NEW YORK, March 29, 2019 (GLOBE NEWSWIRE) -- 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.”
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A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/426347ac-3a95-4db5-8dcb-b7db1ee1801d
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Nasdaq Welcomes Lyft, Inc. (Nasdaq: LYFT) to The Nasdaq Stock Market
The Lyft team rings the Nasdaq Opening Bell remotely from their new Driver Center in Los Angeles, California.