https://wccftech.com/lyft-edges-closer-to-ipo/

In a regulatory filing on Monday Lyft is requesting over $2 billion in their upcoming Initial Public Offering.

Lyft Inc. estimates its value to be between 20 and 25 billion dollars, with an IPO that would allow 10% of that on the market. In their filing with the SEC, they plan on releasing 30,770,000 class A shares to the market, with an option for underwriters to purchase an additional 4,615,500 shares. The maximum share price they will offer at is $68.00 per share for underwriters to purchase, however, once they hit the market it could go in any direction; the case for technology companies is usually a sharp increase on the first day and stabilization shortly after. The current date for the IPO on the NASDAQ exchange is March 28th, under the trading symbol “LYFT”.