Lyft Beats Bigger Rival Uber In Filing For IPO

According to Reuters, Ride-hailing company Lyft beat bigger rival Uber in filing for an initial public offering that will test investor's interest for high-profile but loss-making technology companies.The company, which was last valued at about $15 billion, did not specify the number of shares it was selling or the price range for the offering. Sources told Reuters that the IPO is slated for the first half of 2019. Uber is also expected to pursue an IPO next year that could value it at about $120 billion.

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