Lyft Picks Underwriters for 2019 IPO: Report

Ride-sharing service Lyft has reportedly selected underwriters for its initial public offering (IPO) expected in early 2019.

According to The Wall Street Journal, JPMorgan Chase & Co. will lead the offering, along with Credit Suisse Group AG and Jefferies Group LLC. Several smaller banks will also hold smaller roles.

Lyft's valuation is expected to top $15.1 billion. In contrast, Uber, which is also thought to be planning its own IPO for 2019 has recently received proposals from banks that...

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