Cars are a vital part of our life. They helps us get to point A to Point B; whether it’s work, leisure, or home to a nice warm bed. But could you ditch your car all together? Buzz60’s Mercer Morrison has the story.
Ride-hailing app Lyft has filed paperwork with U.S. regulators setting in motion its plans to go public.
Lyft said Thursday that it had filed a confidential draft document with the Securities and Exchange Commission related to its proposed initial public offering.
The registration statement is the first step toward becoming a publicly traded company.
The company is widely expected to reach the milestone sometime in 2019. Its archrival, Uber, is expected to follow soon thereafter.
Lyft did not specify how much it’s seeking to raise or how much it believes it’s worth.
The company in June pegged its value at $15.1 billion.
Follow USA TODAY reporter Nathan Bomey on Twitter @NathanBomey.
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