Lyft prices IPO at $72 per share with market cap of $24B

The company will debut on the Nasdaq stock exchange Friday morning, trading under the ticker symbol “LYFT.” Lyft’s blockbuster IPO is unique for a number of reasons, in addition to being amongst transportation-as-a-service companies to transition from private to public. The company, which reported $3 billion in Q4 2018 revenues with net losses of $865 million, is reportedly planning to unveil its IPO prospectus next month.

Source: techcrunch.com