Lyft aims to beat Uber to stock mar­ket with IPO

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The ride-hail­ing com­pany Lyft said Thurs­day that it had taken a key step to­ward an ini­tial pub­lic of­fer­ing, con­fi­den­tially fil­ing a draft reg­is­tra­tion state­ment with the Se­cu­ri­ties and Ex­change Com­mis­sion. The move sets the stage for a busy 2019 for tech IPOs.

Ride-hail­ing com­pany Uber is plan­ning to go pub­lic next year and has re­ceived pro­pos­als from in­vest­ment banks that say it could be worth $120 bil­lion.

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