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

MarketsETF Trends

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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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