Lyft Prepares IPO; Initial Valuation: $23-25 Billion

Lyft Prepares IPO

Josh Jones, vice president at Adviser Investments, has the market news for Monday, March 18. All major market indexes advanced, with the Dow Jones Industrial Average up 0.3% and both the S&P 500 and NASDAQ gaining 0.4%. Boeing’s stock fell another 1.9% as the 737 MAX 8 aircraft investigation continues. Meanwhile, Lyft is preparing its initial public offering, with anticipated valuation between $21 and $23 billion and a stock price range of $62 to $68 per share.

 

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