https://techcrunch.com/2019/03/29/lyft-nasdaq/

Ride-hailing startup Lyft may bear the distinction of having highest net loss of any maiden public company ever going public, but despite that, it made its debut in a high gear this morning. Trading as LYFT on Nasdaq, the company’s shares opened at nearly noon today at $87.24, a pop of 21 percent on the $72/share figure the company set last night, when it raised $2.34 billion from investors, valuing the company at $24 billion.

Expectations for how Lyft would do had already been high, after the company priced at the high end of its range of $70-72, which itself was an increase on the range it had set the prior week, a sign of strong demand from investors during its roadshow.