Lyft surges on the first day of trade

Lyft surges on the first day of trade

Lyft’s stock popped as much as 23 per cent in its debut on the public market Friday. Shares opened at $87.24 a piece and ultimately settled to modest gains. The IPO marks the first debut from a heavyweight class of tech companies going public in 2019. Lyft ended its first day with a market valuation to $22.2 billion.

Timothy
Timothy
Top in Business
Get the App