How High Will Lyft Fly? Ride-Hailing App’s IPO Debut Pops 20% On Friday

The market has spoken, and the battle of the rideshare apps has culminated in a runaway success for Lyft, as the company’s debut on the public market raised about $2.3 billion on Friday. The highly-anticipated initial public offering was fueled by a heavy appetite for the stock, exceeding analysts’ initial projections and selling over 32 million shares at $72 a piece. As trading began, stock prices briefly topped out at $87 a share, settling at around $80 a share by 2pm EST.