Privately held ride hailing service Lyft officially filed an S-1 registration statement with the Securities and Exchange Commission for an initial public offering.
The company was valued at $15.1 billion after its latest funding round.
JPMorgan Chase, Credit Suisse and Jefferies will act as the primary underwriters for the company's debut on the Nasdaq. The stock will be listed under the symbol "LYFT."
The company will offer two classes of common stock, Class A and Class B, with Class B shareholders holding a 20 to 1 voting advantage over Class A stock holders.
The company reported taxiing 30.7 million riders in North America in 2018, yielding $8.1 billion in bookings and $2.2 billion in revenue. The company operates in over 300 markets in the U.S. and Canada. The company lost $911 million in 2018.
In 2017, Lyft posted revenue of $1.06 billion and a loss of $688.3 million.
Like its rival, Lyft sees autonomous vehicles as the future of the company, and said that it will employ a two-pronged strategy to bring autonomous vehicles to market, including building its own autonomous vehicle system as well as acquiring outside companies.