The Lyft app is displayed on an Apple iPhone.

Lyft filing could kick off cavalcade of high-profile tech IPOs


It’s been a winding journey to the public markets for Lyft, which got its start as a college carpooling service called Zimride in 2007, before its trailblazing pivot to ride-hailing in 2012.

Now, the smaller of the two biggest U.S. ride-hailing companies could be the first high-profile unicorn in a herd of listings this year, if it files its initial public offering this week as expected. Just as Lyft beat Uber Technologies to the idea that regular people could use their cars to charge for rides, it now looks set to beat Uber to the public markets.

Lyft announced on Dec. 6 that it had privately filed with the Securities and Exchange Commission, the same day that Uber filed confidentially, people familiar with the matter have said. A wave of IPO news has followed, with messaging startup Slack, image company Pinterest and food-delivery company Postmates all moving closer to listings of their own.

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