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Lyft Picks Underwriters For 2019 Ipo: Report

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Lyft's IPO is expected to happen in early 2019.: Ride-sharing service Lyft has reportedly selected underwriters for its initial public offering (IPO) expected in early 2019. According to The Wall Street Journal, JPMorgan Chase & Co. will lead the offering, along with Credit Suisse Group AG and Jefferies Group LLC. Several smaller banks will also hold smaller roles. Lyft’s valuation is expected to top $15.1 billion. In contrast, Uber, which is also thought to be planning its own IPO for 2019 has recently received proposals from banks that value it around $120 billion, the Journal reports.

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