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: Lyft IPO: 5 things the ride-hailing company just revealed

Lyft Inc. appears poised to beat rival Uber Technologies Inc. to an initial public offering after filing its paperwork Friday, and that’s important for a number of reasons.

The first is that Lyft will get to set the narrative heading into the IPO process, which is crucial given that the company is smaller, more narrowly focused, and less well known than Uber. If Lyft proceeds with the offering as planned, it would be the first to talk to potential investors on a roadshow and have the opportunity to define its role in the industry as a company gaining ground on a larger competitor.

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