Lyft to prioritize North America growth over international expansion: chairman


FILE PHOTO: Lyft President John Zimmer and CEO Logan Green applaud as Lyft lists on the Nasdaq at an IPO event in Los Angeles March 29, 2019. REUTERS/Mike Blake/File Photo

LOS ANGELES (Reuters) – Lyft Inc Chairman Sean Aggarwal said on Friday the ride-hailing company will continue to prioritize North America growth over international expansion after completing its initial public offering (IPO).

“Sticking with that play-book of owning this market (North America) and expanding in this market is how we get to deliver to our public shareholders and the long-term expectations that we set,” Aggarwal said on the sidelines of Lyft’s event for its market debut.

Reporting by Heather Somerville in Los Angeles; Writing by Joshua Franklin in New York; Editing by Nick Zieminski

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