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Ride-Hailing Startup Lyft Files Confidentially for U.S. IPO
- Rival Uber is also said to be aiming for IPO in early 2019
- Public markets will put to the test ballooning valuations
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Lyft Inc. filed confidentially for an initial public offering of stock, pulling out ahead of Uber Technologies Inc. in the race among ride-hailing companies to go public.
San Francisco-based Lyft has submitted early-stage documentation for its IPO, according to a statement Thursday. It has not yet determined how many shares it will sell in the listing or the potential price range for the stock.