Finance
Lyft officially files paperwork to go public with an IPO in early 2019
Justin
Sullivan/Getty
Ride hailing giant and main Uber competitor Lyft has filed
paperwork with the Securities and Exchange Commission to go
public, the Wall Street Journal reported on
Thursday.
The company has not yet determined the number or value of shares
to go on offer, and will IPO after the SEC completes its review,
according to the Journal. The paper expects Lyft’s IPO in the
first half of 2019.
Lyft currently has a valuation of $15 billion, a fraction of the
$120 billion valuation Uber has targeted for itself before going
public.
However, Lyft looks ready to beat Uber to the punch with its IPO.
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