1 Mar 19

Lyft files IPO, Uber waiting in the wings

North American ride hail company Lyft filed for an IPO which could raise as much as US$100 million, depending on investor demand.

Beating out its rival Uber, the San Francisco based company will be listed on Nasdaq under the ticker symbol "LYFT".

This is just one of several startups with billion-dollar valuations, known as Unicorns, investors are waiting to come to Wall Street this year. Besides Uber, among the others expected to go public in 2019 are Airbnb, Slack, Pinterest and Postmates. 
Authored by: Daniel Bland