https://apnews.com/9e3c971e212344d2b72862684537a3d9

NEW YORK (AP) — Lyft's shares have slumped almost 12 percent in their first full day of trading following the ride-hailing company's initial public offering of stock.

The shares closed Monday down $9.28 at $69.01. That's below the San Francisco-based company's IPO price of $72.