The race between Uber Technologies Inc. and Lyft Inc. to go public next year promises to extend their rivalry for customers to competition for global investors. Uber this past week confidentially filed its S-1 paperwork with the Securities and Exchange Commission for its planned initial public offering, The Wall Street Journal reported on Friday. Lyft, its smaller ride-hailing competitor, announced just a day prior that it had filed its confidential IPO paperwork as well.

Source: Wall Street Journal December 09, 2018 22:18 UTC