Business

Lyft files IPO documents with SEC – TechCrunch


Lyft has filed a draft registration statement with the U.S. Securities and Exchange Commission for its long-awaited initial public offering, Lyft wrote in a press release today. However, the exact timing of the offering is unclear.

In a confidential filing with the SEC, Lyft did not state the number of shares it expects to offer, nor the price range. But Lyft says it expects to make its initial public offering after the SEC finishes its review process.

Lyft was last valued at about $15 billion, while competitor Uber is valued north of $100 billion. Uber, of course, is also expected to go public sometime next year. According to Reuters, Lyft’s IPO will happen during the first half of 2019 and be underwritten by JPMorgan Chase, Credit Suisse and Jeffries.

Let’s block ads! (Why?)



Source link

Related posts

Oil Prices Set To Book Worst Month In A Decade | OilPrice.com – OilPrice.com

admin

Intel Earnings Suffer From iPhone Softness, Cloud Slowdown – Motley Fool

admin

How Microsoft bounced back – CNBC

admin

Leave a Comment

two × two =