Lyft set for March market debut: Report

  • News Digest
SAN FRANCISCO

Feb 22, 2019-

Lyft is preparing to list its shares on the Nasdaq exchange as early as next month, jumping ahead of ride-hailing rival Uber, the Wall Street Journal reported on Wednesday. The report said Lyft’s documents for its initial public offering may be made public next week to allow the listing by late March. That would enable Lyft, whose valuation at an estimated $15 billion makes it one of the richest venture-backed startups, to make its pitch to investors in mid-March. The filing would put Lyft ahead of Uber, with an estimated $70 billion valuation, in the race for a public share listing that could bring in more capital and fund expansion. (AFP)

Published: 22-02-2019 11:18

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