(Reuters) - U.S. ride services firm Lyft Inc is in talks with an advisor for a targeted March or April 2019 initial public offering, Bloomberg reported, citing people familiar with the matter.
An initial public offering for Lyft would amplify Uber’s[UBER.UL] troubles. It would be an opportunistic way for the company, which was valued at $7.5 billion in its last funding round, to capitalize on its larger rival. Fresh capital for Lyft would merely compound the frontrunner’s injuries.