Lyft: Uber rival reveals it hopes to raise $20bn in Wall Street debut
by Associated Press from Technology | The Guardian on (#4BBG6)
San Francisco firm reveals figures for first time as it competes with Uber to be first with IPO
Lyft has officially kicked off the roadshow for its initial public offering, saying on Monday it plans to put more than 30m shares up for sale with an anticipated price of between $62 and $68 each.
That would raise more than $2bn for the San Francisco ride-hailing company, pegging its market value at $20bn to $25bn, even though it has not been able to turn a profit yet.
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