USA based online cab aggregator platform Lyft beat bigger rival Uber Technologies in filing for an IPO. JPMorgan Chase & Co, Credit Suisse and Jefferies managing Lyft’s IPO.
Founded in 2012, the San Francisco based company currently valued at about $15 billion. The cab sharing platform was founded by John Zimmer and Logan Green.
However, Lyft did not specify the number of shares in a filing with the Securities and Exchange Commission.
Lyft company is planning for the roadshow to fetch the interest of investors due to escalating trade tensions between the United States and China, which
causes turmoil in the financial markets.
Investors main concern is the recent stock market weakness that could result in reduced interest in their road shows or fail to fetch them a reasonable valuation.
Lyft has nearly 40