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Lyft is seeking a valuation of up to $23 billion as it embarks on its IPO roadshow

Lyft is seeking a valuation of up to $23 billion as it embarks on its IPO roadshow
Reuters



Lyft is seeking a valuation of up to $23 billion as it embarks on its IPO roadshow this week, according to Reuters and The Wall Street Journal.




The company wants to raise as much as $2 billion from the roadshow.




Lyft is the first ride-hailing firm to go public and will spark a slew of tech IPOs this year.



Ride-hailing platform Lyft will launch the investor roadshow for its initial public offering on Monday, seeking to raise as much as $2 billion and to be valued at more than $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, which is planning to launch its own public offering next month, the sources said.
Reuters said Lyft is pursuing a valuation of more $20 billion, while The Wall Street Journal reported that the firm is targeting between $21 billion and $23 billion, which equates to between $62 and $68 a share. The Journal also reported that Lyft will raise up to $2 billion from the roadshow.
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