Lyft’s imminent IPO could value the company at $23B

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Ride-hailing firm Lyft will make its Nasdaq debut as early as next week at a valuation of up to $23 billion, The Wall Street Journal reports. The business will reportedly price its shares at between $62 and $68 apiece, raising roughly $2 billion in the process. With a $600 million financing, Lyft was valued at $15.1 billion in June. Lyft filed paperwork in December for an initial public offering, mere hours before its competitor Uber did the same.

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