Lyft Sets IPO Price Range
LYFT SETS ITS IPO STOCK RANGE AT $62-$68.
(CNN) – Lyft could raise more than $2 billion as it gets set to go public.
The ride-sharing company is setting a price-range for its initial public offering and expects to sell stock between $62.00 and $68.00 a share.
While Lyft has been a fast-growing business, it’s also has a history of losing money.
Lyft hit $2.2 billion in revenue in 2018, but its net-loss climbed to $911-million the same year.
Lyft’s top rival, ‘Uber’ is also expected to go public sometime this year.