Lyft made its public market debut on the Nasdaq under the ticker symbol “LYFT” on Friday, trading at $87.24 a share—20 percent above its IPO price of $72.
San Francisco-based Lyft, advised by Wilson Sonsini Goodrich & Rosati, said Thursday that it priced 32.5 million shares at $72 apiece, up from its first price range of $62 to $68. At the IPO price, Lyft has raised about $2.3 billion from the listing, valuing the ride-sharing company at about $24 billion.
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