Lyft and Uber both indexed documentation to represent their commencing public offerings on the same day in December. But now, it presents Lyft is trying to bit its business rival and hit firstly the stock exchange. The ride-accosting company is allegedly scheming its IPO by the end of March, according to report. Lyft is told to be listed its shares on Nasdaq.
Amidst two ride-accosting companies, Lyft is the smaller and according to the analysts, it pushes Lyft to go public first, as it has not to be obscured by Uber. As both companies offer the same service, approaching a potential ride service with a smartphone app, it has been prepared for each one will highlight investors to diverse aspects of their businesses. Uber will repeatedly exhibit itself as an international ride service company along with distinctive features such as food delivery and flying cars.
Lyft provides services only in Canada and the US, is told to be targeting to be a stable company which has not to face the same kind of disorder as Uber. Reportedly, Lyft is expecting to be evaluated somewhere between $20 billion and $25 billion while it goes public. While uber IPOs estimated its evaluation to be as high as $120 but it still requires several more weeks to prepare to go to the public. Both Uber and Lyft refused to comment.