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Lyft plans to launch the roadshow of its initial public offering (IPO) during the week of March 18, making it the first US company to make its debut on the stock market, said Wednesday to Reuters people familiar with the subject.
Lyft's big rival, Uber Technologies, still needs several weeks to prepare for its IPO, the sources added, placing it behind Lyft. The two IPOs being distant from each other, this could allow Lyft to present its investors without fear of being overshadowed by Uber.
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