There may be trouble ahead for Uber as rival Lyft prepares to beat them to an IPO

Ride-sharing firm Lyft are setting up to beat rival Uber to an IPO early next year. According to a report in Bloomberg, the US firm are in discussion with an advisor as they look to push through an initial public offering in March or April 2019. Sources say Lyft has hired a company called Class V Group LLC to work on the process. Lyft is now valued at $15.1 billion and operates in the same number of US cities as their biggest rival in the ride-sharing industry, Uber. Since the arrival of new Uber CEO Dara Khosrowshahi, the controversial app has desperately worked to get their house in order in hope of launching their own IPO in 2019, but if Lyft were to go public before them it would almost certainly be considered a major loss to the industry's front runner.

Taxi-Point_Banner_V2 29.03.2021.gif
  • Facebook TaxiPoint
  • Twitter TaxiPoint
  • YouTube TaxiPoint
  • Instagram
LTDA Feb 2021.gif




ETHOS 030 Taxi Point ad mob (002) MARKET
MMC April 2021 static TAXI INSURANCE (3)
Ascotts Taxi Repair
Plan Taxi Insurance
advertise with us.jpg

The views expressed in this publication are not necessarily those of the publishers.

All written and image rights are reserved by authors displayed. Creative Common image licenses displayed where applicable.

Reproduction in whole or in part without prior permission from the publisher is strictly prohibited.

All written content Copyright of TaxiPoint 2021.