Lyft plans to launch the roadshow of its initial public offering (IPO) during the week of March 18, making it the first major US company to enter the stock market, said Wednesday 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.
Lyft now expects its IPO to be between $ 20 billion and $ 25 billion, the sources said, adding that the presentation tour is expected to last about two weeks. Sources warned that plans were still subject to change and market conditions.
Lyft and Uber refused to comment.
Dow Jones announced that Lyft could make its deposit public as early as next week and plans to list its shares in Nasdaq.