Lyft kicks off its IPO, Peg Valuation at $2 billion

Ride-hailing company, Lyft Inc. will launch the investor road show for its initial public offering today Monday, March 18, 2019 as it aims to raise $2 billion from its listing this month..

Lyft will be trying to persuade investors not to hold out for rival Uber’s upcoming IPO.

Uber and Lyft both filed confidentially for an IPO in December.

Uber, a global logistics and transportation company most recently valued at $76 billion in the private market, is seeking a valuation as high as $120 billion.

Lyft, a smaller firm which has ride-hailing and bike-sharing in North America, is seeking a valuation of $20 billion to $25 billion, up from its $15 billion valuation as a private company.