IPOs

Lyft IPO could benefit diverse group of investors

An initial public offering by Lyft Inc, the second largest U.S. ride services firm, could benefit a broad and diverse group of investors, from Chinese tech giants Alibaba <BABA.N> and Tencent <0700.HK> to a member of the Saudi royal family.

Lyft close to selecting IPO adviser - sources

Lyft is close to hiring an initial public offering (IPO) advisory firm, in the first concrete step by the second biggest U.S. ride service company to become publicly listed, according to people familiar with the matter.