Investors hitch a ride on Lyft's IPO at $72 a share

Investors hitch a ride on Lyft's IPO at $72 a share

5 years ago
Anonymous $Dftgs0JzgE

https://apnews.com/3ccc699a78534dcf84b245205eb26046

SAN FRANCISCO (AP) — Lyft had little trouble getting investors to hop on board its increasingly popular ride-hailing service, as its initial public offering fetched a $72 per-share price that exceeded even its own expectations.

The next big test comes Friday morning when the San Francisco company's stock will begin trading on the Nasdaq exchange under the ticker symbol "LYFT."