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Lyft reportedly plans to debut on Nasdaq next month

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Ride-hailing company Lyft plans to file its initial public offering in March, possibly beating rival Uber to the milestone.

Two reports, one from Reuters, the other from WSJ, indicate Lyft plans to list its shares on Nasdaq next month. The WSJ, citing unnamed sources, reported Lyft may make the filing public as early as next week. Reuters also reported that the ride-hailing company plans to launch the roadshow for its IPO during the week of March 18.

Lyft spokeswoman Alexandra LaManna said the company is declining comment.

Lyft and larger rival Uber have been moving toward their respective IPOs for months now. Lyft filed in December a draft registration statement with the U.S. Securities and Exchange Commission for its lPO.

Lyft did not state the number of shares it expects to offer nor the price range in its confidential filing with the SEC. Lyft said at the time it expected to make its initial public offering after the SEC finishes its review process. Read More

 

Source: https://techcrunch.com/2019/02/20/lyft-reportedly-plans-to-debut-on-nasdaq-next-month/

Author: Kirsten Korosec

Image Credit: Techcrunch

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