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 $120bn 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 $15bn.
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.