Lyft Files To Go Public With Stock Shares

AutoNews.com reports that the rideshare company, Lyft has filed for an initial public offering of stock. The move puts the San Francisco based company out ahead of Uber Technologies Inc. in the race to go public. According to a statement released on Thursday, Lyft submitted early-stage documentation for its IPO but has not yet determined how many shares will be offered or the price of the stock. After a $600 million funding boost in June, Lyft was valued at $15.1 billion. Analysts expect the company's valuation to increase as it nears it's IPO.

Advertisement
Women''s Fitness Apparel Sale - up to 50% Off at EasternMountainSports. Shop Today!

More videos

MICHAEL DORSEY on COP24
CGTN America 15 Dec 2018 20:45 CET

MICHAEL DORSEY on COP24

Ryan Zinke stepping down
USA TODAY 15 Dec 2018 20:44 CET

Ryan Zinke stepping down