Lyft plans to debut Nasdaq next month – TechCrunch



Lyft Company plans to file its initial public offering in March, possibly beating rival Uber.

Two reports, one from Reuters, the other from WSJ, indicate that Lyft plans to list its shares on the Nasdaq next month. The WSJ, citing unnamed sources, said Lyft could make the repository public as early as next week. Reuters also announced that the organizing company planned to launch the roadshow for its IPO during the week of March 18.

Lyft spokeswoman Alexandra LaManna said the company refused to comment.

Lyft and his biggest rival Uber have been heading to their respective IPOs for months. Lyft filed in December a draft registration statement with the US Securities and Exchange Commission for its IPO.

Lyft has not indicated the number of shares it intends to offer nor the price range in its confidential filing with the SEC. Lyft stated at the time that it intended to make its initial public offering after the end of the SEC review process.

Lyft was valued for the last time at more than $ 15 billion, while its competitor Uber was valued in the north at $ 100 billion. Uber, of course, should also go public in 2019.

Last year, Lyft chose JPMorgan Chase & Co. as the principal underwriter of its initial public offering, alongside Credit Suisse Group and Jefferies Group.

Lyft has developed aggressively in new US cities, as well as in Canada, and pursues its ambitions of autonomous vehicles. Lyft increased its market share in the United States to 35%. As of January 2017, Lyft had only a 22% market share in the United States.

Lyft has raised $ 2.9 billion in primary capital since April 2017. In total, Lyft has raised $ 5.1 billion since its inception.

This is a story in development.


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