Lyft is the first ride-hailing firm to go public and will spark a slew of tech IPOs this year.
Ride-hailing platform Lyft will launch the investor roadshow for its initial public offering on Monday, seeking to raise as much as $2 billion and to be valued at more than $20 billion, according to people familiar with the matter.
Lyft will meet with investors across the US before pricing the IPO and listing on the Nasdaq at the end of the month, sources told Reuters. Other Silicon Valley unicorns - startup companies with valuations of at least $1 billion - including business messaging company Slack and image-sharing company Pinterest, are waiting in the wings to go public later in 2019, sources have said.Lyft's IPO will mark the first time a ride-hailing company has debuted on the US public markets. Lyft launched in 2012 and is led by its founders, Logan Green and John Zimmer.
In its IPO filing, Lyft said its US market share has risen to 39%, from 35% early in 2018, gaining some ground on long-dominant Uber. Unlike Uber, Lyft operates only in North America.
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