description

AutoNews.com reports that the rideshare company, Lyft has filed for an initial public offering of stock. The move puts the San Francisco based company out ahead of Uber Technologies Inc. in the race to go public. According to a statement released on Thursday, Lyft submitted early-stage documentation for its IPO but has not yet determined how many shares will be offered or the price of the stock. After a $600 million funding boost in June, Lyft was valued at $15.1 billion.

general info

  • Uploaded    12/06/2018
  • Business & Finance
  • FCC's Pai Recommends Approving T-Mobile-Sprint Merger
  • Always Buy Airfare On A Credit Card
  • Traders Investing In Bitcoin Against Volatile Markets
  • U.S., China bicker over trade deal
  • Tata Motors beats forecasts, sees turnaround at Jaguar Land Rover
  • Stocks Fall On Huawei Concerns
  • Mitsubishi CEO Steps Down, New CEO 'To Rethink Strategy'
  • Ford Will Lay Off 7,000 White-Collar Workers
  • Analyst Cuts Tesla Target For 4th Time This Year