Lyft sets itself up to be one of first large tech flotations of 2019

Lyft sets itself up to be one of first large tech flotations of 2019
 

US company Lyft has filed plans with the regulator for a flotation as it races for funding against Uber, the rival ride-hailing company.
In a statement on Thursday, Lyft announced it had submitted a draft registration statement with the US Securities and Exchange Commission, in a move which sets it up to be one of the first large tech flotations of 2019.
The number of shares on offer and the price range for the proposed offering have not yet been determined, Lyft said. The company was valued at $15.1bn (£11.8bn) at its latest funding round in June, when investors led by Fidelity Investments... read more

 
6 December 2018 in Business, Views: 59
Source: Guardian
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