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JPMorgan Chase & Company

Lyft, Racing Uber Toward I.P.O., Takes a Crucial Step

The ride-hailing company Lyft said on Thursday that it had taken a key step toward an initial public offering, confidentially filing a draft registration statement with the Securities and Exchange Commission. The company said it had not yet determined how many shares would be sold or the price range for …

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Uber and Lyft Charge Toward Potential I.P.O.s Next Year

Uber and Lyft have for years battled for customers in the fast-growing ride-hailing business. Now the bitter rivals may fight for investors in their initial public offerings. Uber has received proposals from the investment banks Morgan Stanley and Goldman Sachs that say the technology giant could be worth as much …

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