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ISSUE – Mar. 04 | Lyft unveils its S-1 and nearly $1B in 2018 losses

The day has finally come. U.S. ride-hailing giant Lyft  has unveiled its S-1, the official document required by the Securities and Exchange Commission to go public.

The San Francisco-headquartered business will debut on the Nasdaq stock exchange under the ticker symbol “LYFT.” JPMorgan Chase & Co., Credit Suisse  Group AG and Jefferies Financial Group Inc. will lead the initial public offering expected to value Lyft at upwards of $20 billion, a significant leap from its most recent private valuation of $15.1 billion. [ Tech Crunch ]

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