RIDEGURU
I have a mixed feeling about this.
Shares of LyftOpens a New Window., which are now publicly available on the Nasdaq under ticker symbol LYFT, surged in initial trading Friday -- far above the $72 per share they had been priced at.
The ride-hailing company’s shares began trading at $87.24 apiece, a more than 20 percent jump over what it had been priced at. Shares ended the day more than 8 percent higher, at about $78 per share.
The initial public offeringOpens a New Window. (IPO) one of the most highly anticipated of the year after pricing shares at $72 late Thursday, the high end of the expected range, which was increased earlier this week amid strong demand for the deal. Its previous range was between $62 to $68 per share.
https://www.foxbusiness.com/markets/lyft-begins-ipo-shares
Comments
Buying into this industry is CRAZY. None of these companies are profitable. They may never be. Put your money somewhere sensible.
Buy low... sell high. Now is not the time to buy.
The video is actually worth a look. Asks some good questions about how they are not profitable and there are no guarantee. Also how Uber 3x as big will also flood the market very soon.
Volatility is high.