Further details of Lyft’s initial public offering have been released. The U.S. ride-hailing company says it hopes to raise $2 billion in its IPO.
In a filing with the Securities and Exchange Committee Lyft states it expects to price 30.77 million shares between $62 and $68 per share. This would give the company a market valuation of $19.64 billion.
The company expects to list on the Nasdaq market under the symbol “LYFT” at the end of this month. It’s also launching an investor roadshow.
Lyft’s rival Uber is also seeking a stock market flotation later this year. Lyft launched in 2012 and is led by its founders, Logan Green and John Zimmer.