Carl Icahn sold Lyft stake prior to IPO: WSJ

April 3, 2019

(Reuters) – Billionaire investor Carl Icahn sold his roughly 2.7 percent stake in Lyft Inc ahead of the ride-hailing company’s initial public offering, the Wall Street Journal reported, citing sources.

Jonathan Christodoro, a former managing director of Icahn Capital LP who was on Lyft’s board until last month, connected the activist investor with the buyer of the stake, which was worth about $550 million at the IPO price, according to the WSJ report.

Lyft could not be immediately reached for comment.

(Reporting by Sayanti Chakraborty in Bengaluru; Editing by James Emmanuel)

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