Lyft and Uber’s race to an IPO is heating up.

Lyft has selected JPMorgan Chase & Co. as the lead underwriter of its initial public offering along with Credit Suisse Group and Jefferies Group, the WSJ reported, citing “people familiar with the company’s plans.”

Lyft declined to comment.

Lyft is expected to file an IPO in the first half of 2019. Choosing an underwriter marks the next official step in the process. Meanwhile, Uber is making it’s own preparations.

Uber, which has...

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