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.

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