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Lyft aims to raise $2 billion in IPO, offers 30.8 million shares

The San Francisco-based company's offering will be the biggest from a tech upstart since Snap Inc

Bloomberg 

Lyft Inc, Lyft

aims to raise $2.1 billion in its IPO, valuing the firm at almost $20 billion. It is offering 30.8 million shares at $62 to $68 each, it said in a regulatory filing Monday. At the top of that range and including a potential overallotment of shares to investors the market valuation would reach $19.6 billion, based on the total numbers of shares outstanding after the IPO as detailed in the filing.

At the targeted range, the San Francisco-based company’s offering will be the biggest from a tech upstart since went public two years ago, and the largest in the U.S. so far this year after the partial U.S. government shutdown put a damper on first-quarter listings.

First Published: Tue, March 19 2019. 00:29 IST
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