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Home / Business / Ride hailing service Lift to victim 30.8 million shares at $ 62 to $ 68 a share

Ride hailing service Lift to victim 30.8 million shares at $ 62 to $ 68 a share



Ride-hailing platform Lift said on Monday it would raise as much as $ 2 trillion in its much-awaited initial public offering.

Expected expects to price 30.77 million shares between $ 62 and $ 68 per share, it said in a filing .

At the higher end of the range, the company will have a market valuation of $ 19.64 billion. The San Francisco, California-based company was seeking a valuation above $ 20 billion, Reuters reported on Sunday, citing people familiar with the matter.

Logan Green's Chief Executive and Vice President John Zimmer together will hold 48.8 percent of voting power after the offering

The company expects to list on the Nasdaq under the symbol "LIFT."

JP Morgan, Credit Suisse, and Jefferies are among the lead bookrunners for the listing.


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