Lyft beats rival Uber in race to file for IPO


It's finally happening: Ride-hailing company Lyft is taking the long-anticipated step of going public. 

The company beat its rival Uber in the race to a public offering on Thursday when it filed confidential paperwork for an initial public offering with the U.S. Securities and Exchange Commission. It's expected to be the first major tech IPO of 2019.

SEE ALSO: Lyft's rewards program will offer perks for choosing Lyft over Uber

Lyft is expected to debut in a stock exchange in March or April, according to the Wall Street Journal. The IPO will be underwritten by JPMorgan Chase, Credit Suisse, and Jeffries, reports Reuters. Read more...

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