Lyft wants to raise 20 billion


Taxi company Lyft wants to raise $ 2 billion at the end of this month. The Uber rival would thereby be valued at 20 billion dollars, reports Reuters news agency based on insider info.

Lyft, which is only active in the United States and Canada, but has a large market share there, will talk to potential investors at Monday. The company wants to bring in commitments for the stock market launch, before competitor Uber is reportedly also going public next month.

With an estimated valuation of 100 billion to 120 billion, Uber is a lot bigger. Lyft’s market share in the US grew from 35 to 39 percent last year, narrowing the gap with market leader Uber. Both companies are loss-making.

By: Peretz M.

Peretz M. is an accomplished economist and financial journalist with a deep understanding of the global economy and financial markets. He is a regular contributor to EconomicInform, where he provides expert analysis and commentary on current economic trends and events. With a strong educational background in economics, Peretz has a talent for breaking down complex economic concepts for a general audience and is able to provide insightful perspectives on a wide range of economic issues.

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