Lyft announces the launch of its IPO

The company has already announced the price range

Lyft announces the launch of its IPO. Source: shutterstock.com

Lyft, Inc. today announced that it has launched the roadshow for the initial public offering of its Class A common stock. Lyft is offering 30,770,000 shares of its Class A common stock, plus up to an additional 4,615,500 shares that the underwriters have the option to purchase. The initial public offering price is expected to be between $62.00 and $68.00 per share. The shares are expected to trade on the Nasdaq Global Select Market under the ticker symbol “LYFT.”

J.P. Morgan Securities LLC, Credit Suisse Securities (USA) LLC, Jefferies LLC, UBS Securities LLC, Stifel, Nicolaus & Company, Incorporated, RBC Capital Markets, LLC and KeyBanc Capital Markets Inc. will act as book-running managers for the offering.

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