18-03-2019 04:29 via feedproxy.google.com

Lyft’s imminent IPO could value the company at $23B

Ridehailing firm Lyftwill make its Nasdaq debut as early as next week at a valuation of up to $23 billion, The Wall Street Journal reports. The business will reportedly price its shares at between $62 and $68 apiece, raising roughly $2 billion in the process.
With a $600 million financing, Lyft was valued at $15.1 billion in June.
Lyft filed paperwork for an initial public offering in December, mere hours before its competitor Uber did the same. The car-sharing behemoths have been in a race to t
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