Lyft raises $2.2 billion in IPO: source

FILE PHOTO: The Lyft logo is seen on ride-hailing car in Manhattan in New York City, New York, U.S., March 4, 2019. REUTERS/Mike Segar/File Photo

(Reuters) – Ride-hailing startup Lyft Inc raised $2.2 billion in its initial public offering on Thursday by pricing 30.77 million shares at $72, the top of its already elevated $70-$72 per share target range, according to a person familiar with the matter.

The source asked not to be identified ahead of any official announcement. Lyft did not immediately respond to a request for comment.

(Reporting by Joshua Franklin in New York; editing by Grant McCool)

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