Lyft raises $2.2 billion in IPO: source

March 28, 2019

(Reuters) – Ride-hailing startup Lyft Inc raised $2.2 billion in its initial public offering on Thursday by pricing 30.77 million shares at $72, the top of its already elevated $70-$72 per share target range, according to a person familiar with the matter.

The source asked not to be identified ahead of any official announcement. Lyft did not immediately respond to a request for comment.

(Reporting by Joshua Franklin in New York; editing by Grant McCool)

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