(Reuters) - Ride-hailing company Lyft Inc beat bigger rival Uber Technologies in filing for an initial public offering that will test investor appetite for high-profile but loss-making technology companies.
The company, which was last valued at about $15 billion, did not specify the number of shares it was selling or the price range for the offering in a confidential filing with the SEC.
The IPO is slated for the first half of 2019, sources have told Reuters. Uber is expected to pursue an IPO next year that could value it at about $120 billion, while home-renting company Airbnb Inc, valued at $31 billion, is also expected to list itself in 2019.
High-profile tech unicorns dominated the U.S. IPO landscape this year. Dropbox Inc was valued at nearly $13 billion in its March debut, while music streaming giant Spotify went public in April with a $26.5 billion valuation.
The two companies have taken hits to their bottom lines in order to attract drivers and enter new markets, although they have made strides in recent years in narrowing their losses.
Lyft's IPO is expected to commence after the SEC completes its review process, it said in a press release on Thursday.
(Reporting By Aparajita Saxena in Bengaluru; Editing by Saumyadeb Chakrabarty)
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