SAN FRANCISCO: Lyft Inc. built itself into a fierce challenger to Uber partly through aggressive price cutting. Now investors who want a piece of America’s second-largest ride-hailing company will likely need to pay a premium when the stock starts trading next week.The San Francisco-based company has only been on the road marketing its initial public offering for two days, but investors have already been informed that the listing is oversubscribed at the current price range, said people familiar with the matter, who asked not to be identified because the details are private.

Source: The Star March 19, 2019 23:48 UTC