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Icahn sold Lyft stake before IPO

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Billionaire investor Carl Icahn sold his 2.7 percent stake in Lyft ahead of the ride-hailing company's initial public offering last week.

The stake was worth around $550 million at the IPO price.

Icahn invested $100 million in Lyft in 2015 and later another $50 million at a $2.5 billion valuation.

Read more from Dow Jones Newswires.

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