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Rakuten's Hiroshi Mikitani set to be big winner in Lyft's impending initial public offering

Business / Financial Markets Mar 2, 2019

Rakuten's Hiroshi Mikitani set to be big winner in Lyft's impending initial public offering

by Devon Pendleton, Tom Metcalf and Anders Melin

A Japanese retail billionaire, rather than a Silicon Valley wunderkind, is the biggest beneficiary of Lyft Inc.'s impending initial public offering. Hiroshi 'Mickey' Mikitani's e-commerce group Rakuten Inc. owns 13.1 percent of the ride-hailing company, offering documents show. That would be worth more than $2.9 ...