Lyft Inc. said Thursday it has “confidentially” filed a registration statement with the Securities and Exchange Commission for its proposed initial public offering. The ride-hailing company said it has not yet determined the number of shares it will offer to the public or the price range of the offering. The company said it expects the IPO to commence after the SEC completes its review. Lyft has recently been valued above $15 billion. The announcement comes as rival Uber Technologies Inc. has also announced plans for an IPO.
Have breaking news sent to your inbox. Subscribe to MarketWatch’s free Bulletin emails. Sign up here.