San Francisco — Lyft filed documents on Friday for its stock offering, racing ahead of ride-sharing rival Uber for a Wall Street listing that sets the stage for a series of big venture-backed tech firms to hit public markets. The initial public offering (IPO) filing offered the first glimpse of Lyft’s finances and showed the San Francisco firm lost $911m on $2.2bn in 2018 revenues. The documents show revenues grew sharply from $343m in 2016, but losses widened as well. Lyft’s private valuation has been estimated at $15bn, considerably smaller than Uber but making it one of the largest start-ups worth more than $1bn, popularly known as unicorns. It will trade on the Nasdaq under the symbol LYFT and, according to some reports, will seek a valuation of more than $20bn. “We are laser-focused on revolutionising transportation and continue to lead the market in innovation,” Lyft said in its filing, setting a preliminary target of raising $100m, a “placeholder” figure likely to be revised ...

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