Lyft Preparing to List Shares on Nasdaq: Report

Lyft plans to debut on the stock market by next month, sources told The Wall Street Journal Wednesday. Dow Jones reported that Lyft could make its filing public as early as next week, and is planning on listing its shares on the Nasdaq. Sources say the California-based company is planning to launch the roadshow for its initial public offering (IPO) during the week of March 18, making it the first U.S. ride-sharing company to go public. It’s larger rival Uber Technologies reportedly still needs several more weeks to prepare its IPO. Lyft’s head start could allow the company to pitch investors without being overshadowed by Uber. Lyft expects to be valued between $20 and $25 billion in its IPO, and run its roadshow for about two weeks—subject to market conditions.