Ride-hailing firm Lyft has moved closer to listing its shares on the stock market by filing a draft registration with US authorities for an initial public offering (IPO).

The firm said the number of shares to be offered and the price range had not yet been determined.

However, Reuters news agency quoted sources as saying the IPO would take place in the first half of 2019.

Lyft’s main rival, Uber, is also expected to float next year.

Lyft was

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