Lyft might not be the biggest name in the ride-hailing market, but it did become the first to reach a major milestone on Friday.
The San Francisco-based transportation company went public on Friday morning, selling shares for $72 with an early valuation of In doing so, Lyft became the first ride-hailing app to go public, beating chief rival Uber to the market.
SEE ALSO: Lyft executives earned $300 as Lyft drivers, IPO filing reveals
With about 48 hours to go before the IPO, Lyft raised its expected share price to anywhere from $70 to $72 in an SEC filing. Lyft ended up settling on the maximum figure of $72 when trading began on the Nasdaq. Its ticker symbol is LYFT. Read more…
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Source : Lyft hits the stock market, sells shares for $72 in highly anticipated IPO
