San Francisco firm reveals figures for first time as it competes with Uber to be first with IPO

Lyft has officially kicked off the roadshow for its initial public offering, saying Monday it plans to put more than 30m shares up for sale with an anticipated price of between $62 and $68 each.

That would raise more than $2bn for the San Francisco ride-hailing company, pegging its market value at $20bn to $25bn, even though it hasn’t been able to turn a profit yet.

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