March 29, 2019 / 3:42 PM / in a month

Lyft indicated to open 19.4 percent higher for Nasdaq debut, after IPO

NEW YORK (Reuters) - Lyft Inc shares on Friday were seen opening 19.4 percent higher at $86.00 in its market debut on the Nasdaq, after the company was valued at $24.3 billion in the first initial public offering (IPO) of a ride-hailing startup.

On Thursday, Lyft said it priced 32.5 million shares, slightly more than it was offering originally, at $72, the top of its already elevated $70-$72 per share target range for the IPO.

Reporting by Joshua Franklin and Chuck Mikolajczak in New York; Editing by Chris Reese

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