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Soros Fund Management LLC, the family office of investor George Soros, opened a small equity position in Lyft Inc. in the first quarter. According to the office's most recent Form 13F filing, Soros held 200,000 shares of the ride-hailing company at the end of March, valued at $15.7 million.
Lyft, a competitor of Uber Technologies Inc. but with a different business model, had one of the largest and most anticipated tech initial public offerings in years. Shares debuted on the Nasdaq on March 29, closing up 8.7% from the IPO price of $72. But...