Lyft has formally filed paperwork to go public with an IPO in early 2019

Lyft has formally filed paperwork with the highest US' inventory market regulator to go public, the ride-hailing large and closest competitor to Uber introduced Thursday morning.  The corporate has not but decided the quantity or worth of shares to go on provide, and can IPO after the SEC completes its overview, in accordance with the Journal. The paper expects Lyft's IPO within the first half of 2019. Lyft at present has a valuation of $15 billion, a fraction of the $120 billion valuation Uber has focused for itself earlier than going public. Nonetheless, Lyft seems to be able to beat Uber to the punch with its IPO.   Be part of the dialog about this story » NOW WATCH: Craig Jackson of Barrett-Jackson Public sale Firm has one of many world's costliest non-public garages — have a look inside