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.

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