Lyft Prepares for Friday IPO, Raises $2.7 Billion in Capital

Lyft Prepares for Friday IPO

Senior Vice President Chris Keith has the market analysis for Thursday, March 28. Despite intraday declines, all major U.S. stock indexes advanced slightly, with the Dow Jones Industrial Average and S&P 500 each up 0.4% and the NASDAQ gaining 0.3%. We also saw the measure of fourth-quarter economic growth adjusted lower, with annualized pace falling from 2.6% to 2.2% as result of a downward revision on consumer spending. Meanwhile, Lyft’s stock is scheduled begin trading on the NASDAQ Friday; the rideshare company seeks to raise $2.7 billion in working capital from its initial public offering.

Recent Videos

View All Videos

Lowell on CNBC: Nervous Markets Call for a Balanced, Disciplined Investment Approach

Lowell on CNBC: Perspective on Dow’s 800-Point Drop

Stock Indexes Decline 3% but Long-Term Prospects Remain Strong

Lowell on CNBC: Current Market Offers Long-Term Opportunity

85 Wells Avenue, Suite 109 Newton, MA, 02459

info@adviserinvestments.com 1.800.492.6868

Adviser Investments' logo is a registered trademark of Adviser Investments, LLC.