Ride-hailing giant Lyft aims to raise $2.1bn for upcoming IPO

Ride-hailing giant Lyft aims to raise $2.1bn for upcoming IPO

Lyft is aiming to raise as much as $2.1bn (£1.6bn) when it floats in New York, regulatory filings have revealed, in what would be the largest tech IPO since Snap in 2017.

The US ride-hailing company said it would be offering 30.8 million shares at between $62 and $68 each, giving it an expected valuation of up to $21bn.

The latest documents put Lyft further ahead than rival Uber in the race to go public. Both companies’ planned IPOs were reportedly delayed due to the US government shutdown earlier this year, which saw staff at the Securities & Exchange Commission out of action. 

In order to float, companies must file documents with the SEC for formal review, and then amend their prospectus before…

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