Deals
Uber, Lyft Get IPO Feedback as Latest Shutdown Looms
- Ride-hailing companies are watching negotiations closely
- Lawyer expects more confidential filings ahead of Friday
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Uber Technologies Inc. and Lyft Inc. have received initial feedback from the Securities and Exchange Commission about their confidential IPO filings, according to people familiar with the matter.
The move by the regulator -- which was shuttered for 35 days during the partial U.S. government shutdown -- puts the ball back in the companies’ court to submit new drafts for review, said the people, who asked not to be identified because the back-and-forth is private. Both Uber and Lyft are closely watching whether another shutdown will go ahead at the end of this week as they prepare for initial public offerings later this year, the people said.