Home / News / Lyft files for an IPO ahead of rival Uber

Lyft files for an IPO ahead of rival Uber

(Reuters) — Trip-hailing corporate Lyft on Thursday filed with the U.S. Securities and Change Fee for an preliminary public providing, finishing months of hypothesis concerning the timing of its much-awaited marketplace debut.

The corporate, which was once closing valued at about $15 billion, didn’t specify the collection of stocks it was once promoting or the associated fee vary for the providing in a confidential submitting with the SEC.

The IPO is slated for the primary part of 2019, resources have advised Reuters. Larger rival Uber Applied sciences may be anticipated to pursue an IPO subsequent yr that would price it at about $120 billion.

Lyft’s IPO is predicted to start after the SEC completes its assessment procedure, it stated right here in a press unencumber on Thursday.

Reuters reported in October that the corporate had selected JPMorgan Chase & Co, Credit score Suisse, and Jefferies,  as underwriters for its IPO.

Lyft was once arrange in 2012 by means of era marketers John Zimmer and Logan Inexperienced, 3 years after Travis Kalanick co-founded Uber.

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