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Lyft Reportedly To Detail Plans For $2 Bln IPO As Soon As Monday

Lyft Inc. plans to peg its valuation at between $21 billion and $23 billion when the ride-hailing service kicks off the roadshow to market its initial public offering Monday, according to reports citing people familiar with the matter.

The range, equating to between $62 and $68 a share, is preliminary and could change by the time the shares start trading around the end of next week, the report said. The overall valuation includes the roughly $2 billion Lyft is expected to raise in the offering.

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