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Lyft Files For IPO

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Lyft said Thursday that it has filed a confidential draft registration statement with regulators to go public. It's the first major ride-hailing company to officially launch its IPO, beating its much larger competitor Uber. The confidential draft registration statement submitted to the Securities and Exchange Commission is the first step to an initial public offering, or IPO, for Lyft. Lyft currently has a valuation of $15 billion, a fraction of the $120 billion valuation Uber has targeted for itself before going public.

Added on the 06/12/2018 09:59:11 - Copyright : Wochit

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