Ride-hailing service Lyft debuts as publicly traded stock
It’s one of the first in a wave of “unicorns” expected to go public this year, including Uber, Airbnb, Pinterest, and Slack.Lyft Inc. prices IPO at $72 a share, top of the range
Lyft Inc. priced its initial public offering at $72 a share, according to a report on The Wall Street Journal that cited a source. That is the top of the range Lyft upped on Wednesday, and values the ride-hailing company at about $24 billion. Lyft filed for the IPO earlier this month.Lyft IPO values ride-hailing company at $24 billionLyft Inc. prices IPO at $72 a share: WSJU.S.
U.S. stock indexes end modestly higher Thursday, shaking off a final reading of a economic growth for the last three months of 2018 that was cut to 2.2% from 2.6%. Gains for equity markets come amid a steadying of government bond yields and purported progress in U.S.-China trade negotiations. The Dow Jones Industrial Average rose 92 points, or 0.4% to 25,717. Meanwhile, the S&P 500 index added 0.4% to 2,815, buttressed by a 1% gain in materials stocks and a 0.
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