TOKYO, April 1 (Reuters) - Japan’s Rakuten said on Monday it will book a 110 million yen ($989.74 million) gain in the quarter through March on its investment in Lyft following the U.S. ride-hailing firm’s listing last week.
Rakuten become Lyft’s largest shareholder with a 13 percent stake ahead of its IPO. Lyft shares closed 9 percent higher at $78.29 in their market debut on Friday, giving the loss-making firm a market capitalisation of around $22.2 billion.
Submitted March 31, 2019 at 11:57PM by coolcomfort123 https://ift.tt/2TNc2fU
