Lyft plans to launch the roadshow for its initial public offering (IPO) during the week of March 18, making it the first U.S. ride-hailing company to debut in the stock market, people familiar with the matter told Reuters on Wednesday.

Lyft's larger rival Uber Technologies still needs several more weeks for its IPO preparations, the sources said, putting it behind Lyft. The two IPOs being far apart could allow Lyft to pitch investors without fretting about being overshadowed by Uber.