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Lyft to launch road show for up to US$2 billion IPO

An electric scooter from the ride sharing company Lyft is shown on a downtown sidewalk in San Diego, California, U.S., March 15, 2019. REUTERS/Mike Blake

 

REUTERS: Ride-hailing platform Lyft Inc will launch the investor road show for its initial public offering on Monday, seeking to raise as much as US$2 billion and to be valued at more than US$20 billion, according to people familiar with the matter.

 

Lyft will be seeking to convince investors to make large commitments to its IPO, rather than hold out for its larger rival Uber Technologies Inc, which is planning to launch its own public offering next month, the sources said.


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