Lyft has filed a draft registration commentary with the U.S. Securities and Exchange Commission for its long-awaited preliminary public providing, Lyft wrote in a press free up nowadays. However, the precise timing of the providing is unclear.
In a confidential submitting with the SEC, Lyft didn’t state the collection of stocks it expects to provide, nor the associated fee vary. But Lyft says it expects to make its preliminary public providing after the SEC finishes its assessment procedure.
Lyft was once ultimate valued at about $15 billion, whilst competitor Uber is valued north of $100 billion. Uber, after all, may be anticipated to head public someday subsequent yr. According to Reuters, Lyft’s IPO will occur right through the primary part of 2019 and be underwritten by means of JPMorgan Chase, Credit Suisse and Jeffries.