Los Angeles Times, IPO
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Lyft Inc., the No. 2 U.S. ride-hailing giant, soared Friday in its stock-market debut after raising $2.34 billion in an initial public offering that priced at the top of an elevated range.
Patrick Soon-Shiong will retain majority ownership of the Los Angeles Times in his planned public sale, which will be limited to $75 million after the paper is combined with some of his other media ventures,
How much the wealth from a Snap IPO will trickle out across broader Los Angeles is harder to ascertain. The city has long been a destination for the rich and famous and is flush with cash from the ...