Lyft Plans To Raise $1B In Financing

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It's astounding that companies like this can raise a billion dollars by just throwing some preferred stock out there and watch the cash roll in.

Ride-hailing company Lyft Inc, Uber Technologies Inc's biggest competitor in the United States, is looking to raise up to $1 billion in a Series F funding round, according to filing provided by VC experts. The company is selling 37.3 million shares of preferred stock to investors for $26.79 per share, according to the filing dated Dec. 18.
 
I didn't realize Lyft was still around, they definitely don't have a presence around here, unlike Uber who I see every day.
 
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