US 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. In September last year, Reuters reported that the second biggest US ride service company was close to hiring an IPO advisory firm in its first concrete step to become publicly listed. Lyft has hired Class V Group LLC to work with the management on the process and plans to begin taking pitches from banks starting as early as September, Bloomberg said, citing sources. Lyft and Class V Group did not immediately respond to requests seeking comment.
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