Lyft Falls, But “IPO” Gains: A Case for Choosing ETFs Over Stocks

MarketsETF Trends

This article was originally published on ETFTrends.com.

In only its second day of trading, the Lyft IPO fell 10 percent, falling below its initial $72 per share offering while the Renaissance IPO ETF (NYSEArca: IPO) gained 1.20 percent–a prime example for choosing ETFs over individual stocks in a hit-or-miss IPO sector. “I was surprised that it blew through the IPO price so [...]

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