Business

Lyft officially files paperwork for an IPO


The confidential draft registration statement, submitted to the Securities and Exchange Commission, is the first step to an initial public offering 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, which 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.


The company was most recently valued at $15 billion, and a public offering could boost that number.


A Lyft representative did not immediately respond to a request for comment from Business Insider.


IPO valuations can change drastically in the lead-up to a public offering.






Powered by Blogger.