Lyft prices shares at $72, valuing company at $24 billion

Lyft prices shares at $72, valuing company at $24 billion

5 years ago
Anonymous $Dftgs0JzgE

https://www.mercurynews.com/2019/03/28/lyft-prices-shares-at-72-valuing-company-at-24-billion/

Lyft priced its shares at $72 Thursday, the day before the stock of the No. 2 U.S. ride-hailing company is set to make its debut on the Nasdaq Stock Market to kick off this year’s tech IPO bonanza.

That values the nearly 7-year-old San Francisco company at about $24 billion, a fraction of its biggest rival Uber, which is valued at $76 billion and is reportedly looking to go public within a month at a valuation of $120 billion.

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