Carl Icahn sold 2.7% of his stake in Lyft Inc to George Soros before its IPO

At IPO prices, Icahn’s 2.7% stake would be $550 million. The price paid by Soros is not clear.

According to a report from the Wall Street, billionaire investor Carl Icahn sold his nearly 2.7% of his stake in Lyft Inc to George Soros ahead of its initial public offering.

According to the report, Jonathan Christodoro, a former managing director of Icahn Capital LP who sat on Lyft’s board until last month, connected Icahn with Soros. His stake of around 2.7% would be worth around $550 million at IPO prices.

It is not clear what price Soros paid for the stake

Lyft could not be immediately reached for comment.

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