Ride-hailing platform Lyft will launch the investor road show for its initial public offering on Monday, March 18.
Ride-hailing platform Lyft will launch the investor road show for its initial public offering on Monday, March 18, according to people familiar with the matter.
Uber is seeking a valuation as high as $120 billion at its IPO, although some analysts have pegged it closer to $100 billion based on selected financial figures it has disclosed. Neither Uber nor Lyft are profitable. Lyft's IPO will mark the first time a ride-hailing company has debuted on the U.S. public markets. Lyft launched in 2012 and is led by its founders, Logan Green and John Zimmer.
In its IPO filing, Lyft said its U.S. market share has risen to 39 percent, from 35 percent early in 2018, gaining some ground on long-dominant Uber. Unlike Uber, Lyft operates only in North America.
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