Business Lyft Files for What Is Expected to Be One of the Hottest IPOs in 2019 Published 6 days ago on December 6, 2018 By Frank Couper Share Tweet In what should be a hot initial public offering, ridesharing company Lyft announced that it filed paperwork with the Securities and Exchange Commission for an IPO, according to the Financial Times. The filing was confidential as so not yet available to the public. Lyft hasn’t yet determined how many shares it would offer or their price range. The company retained J.P. Morgan Chase, Credit Suisse Group, and Jefferies Group as its underwriters, reported the Wall Street Journal. The IPO is expected to happen sometime in the first half of next year. Lyft’s revenues for the first half of 2018 were $909 billion, a doubling over the same period in 2017, as Inc. reported. Losses of 41% were down year over year from 62%. Like bigger rival Uber, the company has tried to scale revenue faster than losses to move toward profitability, if not yet reaching it. Cash injections have been a regular need of both Lyft and Uber, running significantly in the red for years. Lyft has raised $4.9 billion in investment since its founding in 2012, according to the site Crunchbase. Uber has raised $24.2 billion since 2009, but has tried a rapid expansion in many countries, rather than focusing on the U.S. and Canada as Lyft has. Should markets hold they way they have, next year might be a profitable time for Lyft to go public. U.S. tech IPO shares are up a third this year, according to the Journal. And public offerings are at their highest level since 2014. This story was originally published by Fortune Share this:Click to share on WhatsApp (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on Google+ (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Skype (Opens in new window) Related Related Topics:BriefingCredit Suisse GroupIPOJefferies GroupJPMorgan ChaseLyftRidesharingTechUber Up Next Microsoft’s 1TB Xbox One X, the most powerful gaming console, is $100 off Don't Miss Japanese cafe uses robots controlled by paralysed people Continue Reading You may like Huawei’s Chief Financial Officer Granted Bail in Canada in Extradition Case That Has Roiled U.S.-China Relations Lawmakers Grill Google CEO Sundar Pichai. But He Emerges Merely Singed Fatal Uber Self-Driving Car Accident Could Have Been Prevented, Says Former Manager Follow Us On Flipboard Magazine. Latest U.S. Politics21 mins ago Celebs hawking Cîroc vodka didn’t mention paid ad deal: FTC Sean “Diddy” Combs helped to make Cîroc a best-selling vodka — but he and scores of other celebs never said... Business1 hour ago How Eddie Redmayne Inspired Glossier’s Best-Selling Cleanser Glossier, the hit e-commerce beauty brand that recently opened a flagship store in New York, announced Tuesday that it will... Local2 hours ago Meng Wanzhou: Trump could intervene in case of Huawei executive Image copyright Reuters Image caption Meng Wanzhou has said she will contest allegations of fraud Donald Trump says he could... Local3 hours ago ‘If you Google the word idiot, a picture of Donald Trump comes up?’ Google’s Chief executive Sundar Pichai went in front of US Congress to defend his company to lawmakers. He faced questions... Entertainment3 hours ago Duchess Meghan Gives a Sweet Nod to Father-in-Law Prince Charles Meghan, Duchess of Sussex on stage during The Fashion Awards 2018Tristan Fewings/BFC/Getty Images A sweet statement! Duchess Meghan gave a... Most Read Local1 week ago Wilder v Fury: Stunning draw in the WBC world heavyweight title fight Sports5 days ago Maurizio Sarri is steering Chelsea away from top four for second year running unless these changes are made, says Adrian Durham Sports5 days ago Who are the two best central defenders in the world?