Lyft beats Uber to be the first Ride sharing company to go public

Posted by MarketsandMarkets on Feb 28, 2019 6:20:01 PM

Lyft’s recent announcement to introduce its IPO or initial public offering is likely to help the company gain an edge over its major competitor Uber. Lyft is estimated to go public with a valuation of USD 25 billion compared to a USD 120 billion valuation of Uber. With this development, Lyft will become the first mobility startup to go public.  

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Topics: Automotive and Transportation, ride sharing market, ride hailing services

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