FIRST AIRED: March 1, 2019

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investors who want to get a piece of lift off finally getting a peek at the money losing business the ride hailing apps revealed Friday in a public filing that lost nine hundred and eleven million dollars last year which was a bigger loss than the year before but its sales numbers are likely to get prospective investors excited lift took in over two billion dollars in sales last year that's double the sales team in two thousand seventeen and more than five times the businesses saw the year before that and that was in the only thing on the rise during the fourth quarter of two thousand eighteen active ridership jumped nearly fifty percent from the same period the year before and the number of trips taken was up as well gauging how much business lift is doing is key as the company competes with a larger %HESITATION bar which has an international presence in an effort to be that survival to a stock market debut the lift IPO headed to the nasdaq under the ticker symbol L. Y. F. T. is expected to give the company and opening market value as high as twenty five billion dollars compare that to uber which is seeking evaluation of up to one hundred twenty billion dollars when it comes to public later this year sources tell Reuters lift plans to start making the case to investors and what is known as a road show beginning the week of March eighteenth with an IPO likely coming early April