Lyft has officially filed paperwork with the top US stock market regulator to go public, the ride-hailing giant announced Thursday morning.
Lyft has officially filed paperwork with the top US stock market regulator to go public, the ride-hailing giant announced Thursday morning.
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.
It’s a big step in what’s largely considered to be a race to go public between Lyft and its much larger rival Uber. The latter is also considering an IPO next year, but has been coy about the timing of its float.
Lyft did not elaborate on pricing, number of shares, or targeted valuation. Those specifics will come after the SEC completes its review. The actual offering will likely come in early 2019. The company was most recently valued at $15 billion, and a public offering could boost that number.
