Lyft has set the range for an IPO that would allow Alphabet, Rakuten, GM, Jaguar Land Rover, Alibaba, Didi Chuxing, Magna and Icahn Enterprises to exit, valuing it at up to $22.9bn.

Lyft, a US-based on-demand ride platform backed by several corporate investors, today set the terms for an initial public offering that would raise almost $2.1bn if it floats at the top of its range. The IPO will involve almost 30.8 million shares issued on the Nasdaq Global Select Market priced at $62 to $68 each,…

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