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Home / Business / Lift has scheduled to debut on Nasdaq next month – TechCrunch

Lift has scheduled to debut on Nasdaq next month – TechCrunch



The riding company Lyft plans to send its original public offer in March, and possibly beat rival Uber to the milestone.

Two reports, one from Reuters, the other from WSJ, show lift plans to list their shares on Nasdaq next month. WSJ, citing non-named sources, reported that Lyft may make archiving public as early as next week. Reuters also reported that the company is planning to launch the road show for its IPO during the week of March 1

8.

Lift spokeswoman Alexandra LaManna said the company is declining comment.

Lift and major rival Uber has been moving towards their respective IPOs for months now. In December, Lyft filed a draft registration declaration with the US Securities and Exchange Commission for its lPO.

Lift did not specify the number of shares it expects to offer, or the price range in its confidential filing with the SEC. Lift then said it expected to make its original public offer after the SEC completed its review process.

Lifting was last valued at over $ 15 billion, while competitor Uber is valued north of $ 100 billion. Uber, of course, is also expected to be public in 2019.

Lift selected last year JPMorgan Chase & Co. as the leading guarantor of its original public offer, along with Credit Suisse Group and Jefferies Group. [19659002] Lifting has grown aggressively to new American cities, as well as to Canada, and pursue their autonomous vehicle ambitions. Lift has increased its market share in the US to 35 percent. In January 2017, Lyft had only a 22 percent market share in the US.

Lifting has increased $ 2.9 billion in the capital since April 2017. In total, Lyft has increased $ 5.1 billion since its inception.

This is a developing story.


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