Reuters first to report Lyft plans to launch its IPO roadshow week of March 18

Reuters was first with news that Lyft Inc had pulled significantly ahead of bigger rival Uber Technologies Inc in the race to become the first publicly listed U.S. ride-hailing company, preparing to launch the roadshow for its initial public offering during the week of March 18. Lyft now expects to be valued at between $20 billion and $25 billion in its IPO and the roadshow is expected to last about two weeks, according to sources.