The Alphabet, Rakuten, Alibaba, Didi Chuxing, GM, Jaguar Land Rover, Magna and Icahn Enterprises-backed ride hailing service floated at the top of its range at a reported $24.3bn valuation.
US-based on-demand ride provider Lyft, which counts several corporates among its investors, raised $2.34bn today in an initial public offering in which it floated at the top of its range.
Lyft issued 32.5 million shares priced at $72.00 each. It initially planned to issue almost 30.8 million shares priced between $62 and $68 each, before upgrading the range from to $70 to $72 earlier this week.
The company was valued at $24.3bn in the offering, according to Reuters.…
