The Alphabet, Rakuten, Alibaba, Didi Chuxing, GM, Jaguar Land Rover, Magna and Icahn Enterprises-backed ride hailing service floated at the top of its range at a reported $24.3bn valuation.

US-based on-demand ride provider Lyft, which counts several corporates among its investors, raised $2.34bn today in an initial public offering in which it floated at the top of its range. Lyft issued 32.5 million shares priced at $72.00 each. It initially planned to issue almost 30.8 million shares priced between $62 and $68 each, before…

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