0 Dan Smith Posted March 29, 2019 Author Share Posted March 29, 2019 Quote Link to comment Share on other sites More sharing options...
0 Sam Rondon Posted March 30, 2019 Share Posted March 30, 2019 Lyft Inc. (NASDAQ: LYFT) shares surged in the Friday session after the second largest ride-sharing company made its first appearance on the Nasdaq but cut off its gains as the trading continued. Lyft’s stock closed the session with 8.7% settling at $78.29, bringing the company to a market value of $22.39 billion. Lyft gained $2.34 billion through the offering and and can rise even further to $2.69 billion. Lyft stock was one of the most active ones on major U.S. exchanges, with trading volume climbing to more than 71 million shares. “The 20% pop on opening is pretty amazing for a $25 billion stock,” Duncan Davidson,Bullpen Capital. Davidson also added that Lyft’s first appearance “bodes well” for other various unicorns that are expected to be involved in public markets this year. S&P 500 index (SPX) has rallied 13% on the year and Renaissance IPO (ETF IPO) has soared 31%. Quote Link to comment Share on other sites More sharing options...
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