Lyft prepares to list shares on stock market - BBC News
BBC News - Thu 6 Dec 17:09 GMT

Lyft prepares to list shares on stock market - BBC News

The ride-hailing firm files documents with US market regulator, but reveals few details of its plans.

  Image copyright Getty Images Ride-hailing firm Lyft has moved closer to listing its shares on the stock market by filing paperwork with US authorities for an initial public offering (IPO).

  Lyft's main rival, Uber, is also expected to float next year.

  Lyft was launched in 2012 by technology entrepreneurs John Zimmer and Logan Green, three years after Uber was founded.

  However, Lyft's profile has risen over the last two years, as its larger rival was hit by controversy surrounding its aggressive corporate culture and data collection practices.

  Lyft now accounts for almost 30% of rideshare revenues in the US, up from about 23% at the start of 2017, according to research firm Second Measure.