Ride-hail app Lyft is going public
Ride-hailing firm Lyft is going public in a valuation expected to exceed the $15.1 billion at which it was previously estimated. The app-based company says it’s filed a draft registration statement with the Securities and Exchange Commission. Lyft chose underwriters earlier this year, according to The Wall Street Journal, and is believed to be going public in the first half of next year.
- Rival Uber is also thought to be gearing up toward an IPO sometime in 2019, and is currently valued at close to $120 billion.