Lyft increases expected IPO range to between $70 and $72 a share
Lyft Inc. LYFT, +0.00% increased the amount it expects to charge for shares in its initial public offering Wednesday afternoon, raising the expected range to $70 to $72 a share. Previously, the ride-hailing company said it expected to charge $62 to $68 a share in the IPO, which is expected to price Thursday after the market closes. Earlier in the week, The Wall Street Journal reported that the company was expected to price above its original range amid strong demand for the IPO.
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