Lyft expects to price 30.77 million shares between $62 and $68 per share, it said in a filing. That would raise as much as $2 billion in its IPO.
Lyft on Monday kicked off the investor road show for its initial public offering , seeking to woo money managers before its bigger ride-hailing rival Uber Technologies makes its stock market splash in April.
San Francisco-based Lyft said in a regulatory filing on Monday it aims to raise up to $2 billion in its IPO at a valuation of as much as $23 billion. Reuters first reported the details on Sunday, citing people familiar with the matter. Both Uber and Lyft are losing money, but Uber, which promotes itself as a global logistics and transportation company, is much larger and more diverse than Lyft whose core focus remains ride-hailing.
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