18-03-2019 15:44 via feeds.bizjournals.com

Lyft seeks slightly lower IPO valuation than previously expected

Lyft updated its IPO filing Monday, revealing the range of its long-awaited price per share.
The ride-hailing company is seeking a pre-market valuation range of $20.9 billion to $22.9 billion, based on its pricing range of $62 to $68 per share, according to its filing with the Securities and Exchange Commission.
Although Lyft's valuation is slightly less than the $25 billion many had expected, it is still higher than the $15 billion valuation the company snagged when it raised a $600 million&hel
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