Saturday, 30 March 2019

Lyft IPO: Shares soar in stock-market debut, close up 8.7%

Lyft Inc., the No. 2 U.S. ride-hailing giant, soared Friday in its stock-market debut after raising $2.34 billion in an initial public offering that priced at the top of an elevated range. That sends an encouraging signal to the stampede of Silicon Valley companies lining up to go public this year.

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