According to sources, the IPO is being prepared by the consulting company Class V Group. It is expected that work with banks may begin in September, and the listing may take place in March-April 2019.
During the last round of investment attraction, the cost of Lyft was estimated at about $ 15.1 billion. Uber was estimated at $ 76 billion.
Lyft’s management is now facing a difficult choice: whether to conduct an IPO sooner or later than Uber, which tentatively plans a listing in the second half of 2019.
Starting earlier than Uber, Lyft will be able to attract more attention and enlist the support of investors, as well as become a marker for the online taxi market, but there is a risk that investors can decide to wait for the listing of a larger competitor.
It is noted that competing companies rarely arrange an IPO on close dates.
source: bloomberg.com
