Lyft IPO priced ahead of Nasdaq debut expected Friday.
Lyft's initial public offering priced at $72 on Thursday, which would value the company at over $20 billion and hit the top of its expected range.
div > div.group > p:first-child"> Shares in the ridehailing company are expected to start trading on the Nasdaq on Friday, under the ticker"LYFT." The company faces formidable competition from Uber, according to its S-1 filing released earlier this month. Lyft claimed 39 percent of the U.S. market at the end 2018, up 17 percentage points over two years, it said in the filing.Funded early on by venture firms including Floodgate, K9 Ventures, Mayfield Fund, and Peter Thiel's Founders Fund, Lyft is one of several maturing tech startups expected to go public this year.
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