Lyft plans to IPO in March, just weeks away, beating Uber to be the first Rideshare listed.
Reuters also reported that the ride-hailing company plans to launch the roadshow for its IPO during the week of March 18.
Lyft is declining to comment.
Lyft filed with the U.S. SEC (Securities and Exchange Commission) in December 2018 for its IPO.
In their confidential filing with the SEC, Lyft has not said how many shares it expects to offer. The price of shares of Lyft are still confidential between the company and the SEC.
Lyft has been valued by many at $15 Billion. Uber is still hoping on $100 Billion, more analysis will be looked into by the SEC upon Uber’s refiling. Uber is still hoping to go public in 2019.
JPMorgan Chase & Co. will be the lead underwriter for Lyft’s IPO, also Credit Suisse Group and Jefferies Group.
Lyft has increased its market share in the U.S. to above 35%, in January 2017 they were only 22%. The company has also aggresively been expanding in new U.S. cities, as well as into Canada.