Lyft files for an IPO ahead of rival Uber
Ride-hailing company Lyft on Thursday filed with the U.S. Securities and Exchange Commission for an initial public offering, ending months of speculation about the timing of its much-awaited market debut.
The company, which was last valued at about $15 billion, did not specify the number of shares it was selling or the price range for the offering in a confidential filing with the SEC.
Lyft’s IPO is expected to commence after the SEC completes its review process, it said here in a press release on Thursday.
Reuters reported in October that the company had chosen JPMorgan Chase & Co, Credit Suisse, and Jefferies, as underwriters for its IPO.
Lyft was set up in 2012 by technology entrepreneurs John Zimmer and Logan Green, three years after Travis Kalanick co-founded Uber.