March 29, 2019 / 4:17 PM / 3 months ago

Lyft to prioritise North America growth over international expansion - chairman

FILE PHOTO: Signage for Lyft is seen displayed at the NASDAQ MarketSite in Times Square in celebration of its initial public offering (IPO) on the NASDAQ Stock Market in New York, U.S., March 29, 2019. REUTERS/Shannon Stapleton/File Photo

LOS ANGELES (Reuters) - Lyft Inc Chairman Sean Aggarwal said on Friday the ride-hailing company will continue to prioritise 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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