(Reuters) — Ride-hailing company in April, putting it close on the heels of smaller rival Lyft, people familiar with the matter said on Thursday.

Next month, Uber will issue its required public disclosure, known as an S-1, and launch its investor roadshow, the people said. Those events will set in motion the Wall Street debut of one of Silicon Valley’s most closely watched companies.

The timing for Uber’s IPO means it will most likely hit public markets soon after , which is expected to happen by the end of March, people familiar with the matter said. Uber declined to comment.

The neck-and-neck race extends a long-held rivalry between the two loss-making companies, which have battled each other for riders and drivers since their inception.


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