Lyft reportedly will beat Uber to IPO
The two competing ride-hailing apps Lyft and Uber both filed paperwork before the end of 2018 to go public in 2019. Now it looks like Lyft’s initial public (IPO) offering will beat out Uber’s.
CNBC reported Wednesday that Lyft’s IPO will launch around March 18, while Uber’s will need a few more weeks to prepare.
Uber dwarfs Lyft in most ways — it’s valued at around $90 billion, while CNBC said Lyft’s latest valuation is around $20 million. Uber also has a vast presence. It’s available in more than 600 cities around the world while Lyft only operates in the U.S. and Canada. Read more…
Source: Mashable – Lyft reportedly will beat Uber to IPO