Uber Lays Groundwork for IPO

The S-1 filing with the Securities and Exchange Commission puts Uber neck-and-neck with Lyft. Both planned IPOs are shaping up to be among the biggest in a spate of offerings aimed for 2019. Lyft said Thursday it had filed its S-1, and people familiar with the matter have said it is aiming to debut in March or April. Uber's filing indicates it could go public as soon as the first quarter, as The Wall Street Journal reported in October. That would be sooner than many observers had expected.