Loop Capital Markets participates as co-manager in initial public offering of Lyft, Inc.

On March 29th, 2019, Loop Capital Markets served as a co-manager on the initial public offering of Lyft.  The company raised $2.56 billion by offering 35.5 million shares at $72.00.  Lyft intends to use the net proceeds of the offering for funding tax withholding and remittance obligations related to Restricted Stock Units, acquiring or investing in business products, services or technologies, and general corporate purposes.