Ride-hailing company beats rival Uber in race to go public

The ride-hailing company Lyft will make its stock market debut on Friday, the first in a slew of San Francisco-based tech unicorns set to make their initial public offerings this year.

The estimated valuation of the ride-hailing platform is somewhere close to $21bn. The company said earlier this month that it hoped to put more than 30m shares up for sale, with an anticipated price of about $72 each.

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Read More Lyft makes stock market debut as string of top tech firms plan IPOs

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