Uber and Lyft are both revving up for two of the most anticipated IPOs of 2019. As Lyft begins pitching itself to investors in earnest this week, only a certain type need apply: those with ample patience and a strong stomach. The ride-hailing company is kicking off its initial public offering roadshow this week ahead of an expected listing on the Nasdaq next week. In an amended filing Monday morning, Lyft said it is planning to sell about 30.8 million shares at a price range of $62 to $68. The offering ultimately could result in a market value in the low $20 billion range—well above the company’s latest...

Source: Wall Street Journal March 18, 2019 18:06 UTC