trending Market Intelligence /marketintelligence/en/news-insights/trending/8r9uhg1NfJ9Hx5LXtONyxg2 content esgSubNav
In This List

Report: Lyft's IPO oversubscribed

Podcast

Street Talk | Episode 105: Banks could see opportunity in fintech's cleansing fire

Blog

The Climate Vulnerability Assessment by APRA: Helping Financial Institutions Address Challenges

Blog

A Sustainability Framework for Customer and Supplier Credit Risk Management

Video

Lithium Import


Report: Lyft's IPO oversubscribed

Ride-hailing company Lyft Inc.'s IPO has so far received a stronger-than-expected response from investors, Reuters reported March 19, citing anonymous sources.

The news outlet said the IPO is oversubscribed, but it could not learn the exact level of oversubscription.

Lyft said March 18 that it plans to offer 30,770,000 shares of its class A common stock at a range between $62 and $68 per share as it launched the roadshow for its proposed IPO.

The price range values the company between $21 billion and $23 billion.

Lyft did not immediately respond to S&P Global Market Intelligence's request for comment.