Ride-hailing company Lyft files for IPO: Reuters
Ride-hailing company Lyft Inc beat bigger rival Uber Technologies Inc in filing for an initial public offering that will test investor appetite for high-profile but loss-making technology businesses, Reuters reported. The San Francisco-based company, which was last valued at about US$15 billion, did not specify the number of shares it was selling or the price range for the offering. The IPO is slated for the first half of 2019. Lyft's Canadian investors include Ontario Teachers’ Pension Plan and Public Sector Pension Investment Board. In March, Canadian automotive parts supplier Magna International Inc also agreed to invest to US$200 million in Lyft.
6 December 2018•2 mins read
