Search Results for ‘lyft ipo’

GM owns 18.6 million Class A shares of Lyft Inc., making it one of the largest investors in the ride-hailing company. GM invested $500 million in Lyft in January 2016. General Motors (GM) and mutual fund giant Fidelity both have a nearly 8% stake in Lyft. Those stakes are each worth a little...

Actually more than double. The $500 million invested back in 2016 is expected to be worth $1.16 to $1.27 billion after the IPO and may rise from there. https://www.reuters.com/article/us-gm-lyft/gm-considers-options-for-its-lyft-stake-following-ipo-idUSKCN1QZ28S