San Francisco ride-hailing service Lyft filed a draft registration statement with the US Securities and Exchange Commission amid growing speculation it will hold an initial public offering (IPO) in early 2019. The filing comes as Uber is preparing to launch its own stock market listing on Nasdaq later this year. Rival Uber is also set to launch an IPO and is reportedly targeting a valuation of $120bn.
San Francisco ride-hailing service Lyft filed a draft registration statement with the US Securities and Exchange Commission amid growing speculation it will hold an initial public offering (IPO) in early 2019. The company, which has a 35% US market share, was most recently valued at $15bn and sought bank assistance with a potential listing in October. Rival Uber is also set to launch an IPO and is reportedly targeting a valuation of $120bn.