Lyft files paperwork for highly anticipated IPO

In a hotly anticipated move, Lyft, the 7-year-old ride-share company, has taken the first step toward going public. Today it filed the required paperwork with the Securities and Exchange Commission. Both Lyft and Uber were expected to file initial public offerings soon, but it appears Lyft has beat its main competitor to the punch. The company, which took something of a slow and steady approach to its growth compared to Uber, has expanded to a nearly 40 percent slice of the ride-share market. So what did we learn about Lyft with today’s filing?

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