In the race to the U.S. markets, Lyft is about to lap Uber and other ride-hailing rivals.
According to Lyft’s amended S-1 filing, the company will issue 30.77 million shares between $62 and $68 on the Nasdaq under ticker “LYFT.”
A source familiar with the matter told Benzinga Lyft’s IPO will price in the $70-$72 per share range. (Editor’s note: A Wednesday afternoon filing confirmed this updated range.)
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Lead underwriters include JPMorgan Chase & Co., Credit Suisse and Jefferies Financial Group. As of last week, Lyft had already scored a bullish analyst rating from D.A. Davidson and had been packing rooms in its investor roadshow.
Lyft qualifies as an emerging growth company under the U.S. JOBS Act, which exempts management from certain SEC disclosure requirements.