Price Range: Funding Round and Fidelity Investments

price range: The number of shares on offer and the price range for the proposed offering have not yet been determined, Lyft said, according to The Guardian. The company was valued at 15.1bn 11.8bn at its latest funding round in June, when investors led by Fidelity Investments poured 600m into the firm. In a statement on Thursday, Lyft announced it had submitted a draft registration statement with the US Securities and Exchange Commission SEC in a move which sets it up to be one of the first large tech flotations of 2019. Uber, by contrast, has been valued at 120bn in recent reports. Buses and taxis to lead UK self-driving public transport push Read more Lyft and Uber have garnered billions of dollars in multiple funding rounds from private investors betting that the companies will dominate the future of urban transport, despite heavy losses. The San Francisco-based company is planning to float its shares in March or April, according to Reuters probably ahead of Uber, whose chief executive, Dara Khosrowshahi, is aiming for an initial public offering IPO in the second half of the year. (news.financializer.com). As reported in the news.