Ride-hailing service Lyft debuts as publicly traded stock
It’s one of the first in a wave of “unicorns” expected to go public this year, including Uber, Airbnb, Pinterest, and Slack.Lyft Inc. prices IPO at $72 a share, top of the range
Lyft Inc. priced its initial public offering at $72 a share, according to a report on The Wall Street Journal that cited a source. That is the top of the range Lyft upped on Wednesday, and values the ride-hailing company at about $24 billion. Lyft filed for the IPO earlier this month.Lyft IPO values ride-hailing company at $24 billionLyft Inc. prices IPO at $72 a share: WSJU.S.
U.S. stock indexes end modestly higher Thursday, shaking off a final reading of a economic growth for the last three months of 2018 that was cut to 2.2% from 2.6%. Gains for equity markets come amid a steadying of government bond yields and purported progress in U.S.-China trade negotiations. The Dow Jones Industrial Average rose 92 points, or 0.4% to 25,717. Meanwhile, the S&P 500 index added 0.4% to 2,815, buttressed by a 1% gain in materials stocks and a 0.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AT&T Inc.AT&T and Viacom reach deal that will keep Comedy Central, MTV and other channels
Read more »
Lyft raises IPO price target as investor fret over missing outLyft Inc on Wednesday raised the price range for its initial public offering, as...
Read more »
Lyft valued at $24.3 billion in first ride-hailing IPOLyft Inc was valued at $24.3 billion in the first initial public offering (IPO) ...
Read more »
Qualcomm loses bid for Apple iPhone import ban in ITC rulingQualcomm Inc on Tuesday lost a bid to have imports of some Apple Inc iPhones ban...
Read more »
Qualcomm loses bid for Apple iPhone import ban in ITC rulingU.S. trade body deals a blow to Qualcomm in its dispute with Apple, denying the chipmaker's request to ban some iPhone imports $AAPL $QCOM
Read more »
Viacom, AT&T renew contract, avoid DirecTV blackoutViacom Inc has renewed its carriage contract with AT&T Inc, avoiding a blackout ...
Read more »
Stock futures edge higher | China makes unprecedented proposals | Lyft to price sharesU.S. stocks are limping to the finish ahead of the final two trading days of March.
Read more »
Stock futures higher | Lyft to begin trading | Mnuchin: US-China talks 'constructive'Futures are pointing to a higher open on Wall Street on this final trading day of March and the first quarter.
Read more »