Last week, it was revealed that Pinterest had confidentially filed with the SEC to go public, seeking a $12 billion valuation and joining the collection of tech IPOs slated for 2019. The hot tech startups in the U.S. have stayed private for much longer than traditional companies, as a flurry of private capital has kept them afloat during the last decade. Last September, Pinterest surpassed 250 million monthly active users and grew revenues 50% in 2018 alone.
Lyft is launching its initial public offering roadshow during the week of March 18, according to Reuters, putting it ahead of Uber Technologies by a couple weeks. If Lyft goes public before Uber, it will be the first U.S. ride-hailing service to trade on U.S. exchanges. The roadshow is expected to last two weeks and the company will seek a valuation between $20 billion and $25 billion as it talks with investors.