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Lyft fined for board member not disclosing role in pre-IPO Icahn-Soros stock sale

Por: MarketWatch Business September 18, 2023

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The transaction in question occurred just ahead of Lyft Inc.’s March 2019 initial public offering, in which Icahn sought to unload 7.7 million shares — or roughly a 2.6% stake in the company, the SEC said. Initially, Lyft’s board rejected a big investor’s effort to sell a stake in the company, citing possible insider-trading issues due to the investor’s knowledge of details of the IPO, the SEC said. Prior SEC filings show that the... + full article



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