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Lyft Reveals Its IPO Price Range and Fundraising Goals

2019-03-19 1 Dailymotion

Lyft Reveals Its IPO Price Range <br />and Fundraising Goals For its Wall Street debut, the company says shares will be priced around $65. According to TechCrunch, Lyft aims to sell over 31 million shares. Lyft adds that stock sales will propel them to raise just over $2 billion. Should expectations be met, Lyft would <br />be worth up to <br />$23 billion come the first day of trading. Thanks to internal issues with main rival Uber, Lyft's market share in the U.S. has nearly <br />doubled since early 2017. Losses for the company have recently gone over $900 million, but that hasn't worried investors. CNN reports that Lyft's future, especially with driverless cars, is what's raising its appeal.

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