(Reuters) — Trip-hailing corporate Lyft on Thursday filed with the U.S. Securities and Trade Fee for an preliminary public providing, finishing months of hypothesis in regards to the timing of its much-awaited marketplace debut.
The corporate, which was once final valued at about $15 billion, didn’t specify the choice of stocks it was once promoting or the cost vary for the providing in a confidential submitting with the SEC.
The IPO is slated for the primary part of 2019, resources have advised Reuters. Larger rival Uber Applied sciences could also be anticipated to pursue an IPO subsequent yr that would price it at about $120 billion.
Lyft’s IPO is predicted to start after the SEC completes its assessment procedure, it stated right here in a press free up on Thursday.
Reuters reported in October that the corporate had selected JPMorgan Chase & Co, Credit score Suisse, and Jefferies, as underwriters for its IPO.
Lyft was once arrange in 2012 by means of era marketers John Zimmer and Logan Inexperienced, 3 years after Travis Kalanick co-founded Uber.