Rakuten, General Motors and Alphabet own a combined 26% share of the ride hailing platform, which has filed to go public and which was valued at more than $15bn as of last June.

US-based ride hailing service Lyft filed for an initial public offering on Friday that would enable investors including corporates Alphabet, Rakuten, Alibaba, General Motors, Tencent and Didi Chuxing to exit. The company has set an initial target of $100m for the offering that will inevitably be upscaled when it sets the terms for the IPO,…

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