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Lyft Plans to File for IPO as Soon as Next Week

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Lyft Investor Reacts to Report of Possible IPO Next Week

Lyft Inc. could file as soon as next week for an initial public offering and plans to target a valuation of $20 billion to $25 billion, a person familiar with the matter said.

The ride-hailing industry’s No. 2 plans to begin marketing shares in a roadshow the week of March 18, said the person, who asked not to be identified because the plans weren’t public. That may put Lyft ahead in its race to go public against its larger rival, Uber Technologies Inc.