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Lyft Filing Could Kick Off Cavalcade of High-Profile Tech IPOs
- San Francisco-based Lyft could file IPO documents this week
- Lyft is expected to beat rival Uber to the public markets
Photographer: Patrick T. Fallon/Bloomberg
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It’s been a winding journey to the public markets for Lyft Inc., which got its start as a college carpooling service called Zimride in 2007, before its trailblazing pivot to ride-hailing in 2012.
Now, the smaller of the two biggest U.S. ride-hailing companies could be the first high-profile unicorn in a herd of listings this year, if it files its initial public offering this week as expected. Just as Lyft beat Uber Technologies Inc. to the idea that regular people could use their cars to charge for rides, it now looks set to beat Uber to the public markets.