- General
- December 6, 2018
- 3 minutes read
Lyft Files Confidentially for Public Offering
image : Lyft Lyft has confidentially filed for an IPO as announced by the company in a brief press release…
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| image : Lyft |
Lyft has confidentially filed for an IPO as announced by the company in a brief press release noting it has submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission for a proposed public market debut.
The number of shares to be sold and price range for the IPO has not been determined yet as also noted by the company. This official statement issued by the company aligns with several reports of a planned IPO for next year, The same period its main competitor Uber is also said to be planning its own public offering.
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| image : Lyft |
It appears that Lyft may beat Uber to first debut on the public market and test investor appetite for the on-demand industry, one with most of its major players still in private markets.
Lyft was last valued at $15.1 billion from a Series I round closed this June so it’ll likely target a higher valuation on the public markets. Its rival Uber is estimated to possibly debut at $120 billion, a way higher price than Lyft’s and also its own current $72 billion valuation (according to CB Insights).
