Lyft shares jump 21% in their stock-trading debut, as investors gobble up the first real public chance to buy into the future of ride hailing
Lyft Inc. shares vaulted 21% in their stock-trading debut Friday, as investors gobbled up the first real public opportunity to buy into the future of ride hailing.
The stock opened at $87.24 a share on the Nasdaq Stock Market, trading under the symbol LYFT. Lyft priced its IPO at $72 a share late Thursday, The Wall Street Journal first reported. Lyft’s IPO raised $2.3 billion, marking the first big tech IPO of 2019 in a year that may break records in terms of IPO dollars raised.
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