Lyft invites bank pitches for underwriting 2019 IPO

A Lyft Inc. decal is displayed on a car window in Los Angeles, California, U.S., on Monday, Nov. 13, 2017. Photographer: Patrick T. Fallon/Bloomberg

Lyft Inc., the second-largest U.S. ride-hailing company, has asked banks to submit formal pitches to underwrite an initial public offering next year, people familiar with the matter said.

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