Uber Files For IPO – Races Lyft To The Public Markets

Uber has filed for an initial public offering – IPO – and is now in something of a race with Lyft to see who can be the first to tap those public markets. There are no publicly listed – US at least – ride sharing companies so these two are striving to be first. The earlier gets to set expectations for the second which is why there’s that race:

Uber Technologies Inc. filed paperwork confidentially this week for its initial public offering, according to people familiar with the matter, as it races with smaller rival Lyft Inc.

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