San Francisco ride - hailing service Lyft filed a draft registration application 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 $ 500 and sought bank assistance with a potential listing in October . Rival ##link is also set to launch an expansion and is reportedly reaching a target 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.