Lyft to launch IPO in weeks: Reports
Lyft plans to list shares on Nasdaq and will make its IPO filing public as early as next week, according to media reports citing people familiar with the matter. The ride-hailing company values itself between $20 billion and $25 billion. The move would mean that Lyft will beat rival Uber to the public market. Uber needs several more weeks to prepare its IPO, reports Reuters. Lyft is planning to pitch its plan to investors during a two-week roadshow starting in mid-March.
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The fact that Lyft still exists is a clear indication of how big the market is and how much better of a company it is than Uber. I can assure you if you are going to bet big on one of the companies, bet on Lyft.