Lyft Valuation Hits $15 Billion With Boost From Fidelity
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Lyft Inc. got a vote of confidence from investors in the form of $600 million and a markedly higher share price.
The funding round, led by existing backer Fidelity Investments, boosts the company’s valuation to $15.1 billion, said a Lyft spokeswoman. That doubles the value of Lyft from a year ago, when the No. 2 U.S. ride-hailing company was gaining ground on Uber Technologies Inc.