Lyft to price shares 'above' target range ahead of IPO: Report

TransportationFOXBusiness

Lyft’s IPO is oversubscribed: Report

FBN’s Susan Li on the report that Lyft’s IPO is oversubscribed.

Lyft Inc. is reportedly expected to price its shares above the previous targeted range of between $62 and $68 ahead of its initial public offering on Friday.

Continue Reading Below

According to The Wall Street Journal, Lyft has told investors that it will likely price its shares above its previous estimates but it is unlikely that it will reach as high as $80 per share.

MORE FROM FOXBUSINESS.COM

Shares will be priced late Thursday ahead of the ride-hailing service's debut.

CLICK HERE TO GET THE FOX BUSINESS APP

This is a breaking news story. Please check back for updates