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Lyft files for IPO
Ride sharing service Lyft has earmarked early 2019 for its IPO, likely beating rival Uber in the race to go public.
Lyft filed confidential paperwork with the U.S. Securities and Exchange Commission for the proposed public offering but it didn’t state how many shares will be up for grabs or the price range.
Lyft is currently valued at about $15 billion, while Uber is worth in excess of $100 billion.
Uber has also pledged to go public in 2019 in what could be a banner year for tech startup IPOs.
Airbnb may also list next year.
According to the filing Lyft expects to list in the first half of 2019.
The company logged more than 375.5 million rides last year, up more than 100% on 2016.
It now has more than one million drivers in North America.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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