Lyft said to start process to prepare for 2019 IPO

Lyft said to start process to prepare for 2019 IPO

An illuminated Lyft Inc. sign is seen on the dashboard of a ride share vehicle at Los Angeles International Airport (LAX) in Los Angeles, California, U.S. Photographer: Patrick T. Fallon/Bloomberg

Lyft Inc., the second-biggest U.S. ride-hailing company, has started the process for an initial public offering in an effort to beat Uber Technologies Inc. to the public markets, people familiar with the matter said.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter