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Lyft shares closed at $78.29 per share on their first day of trading, after raising $2.34 billion in the ride-hail company's IPO.

Bottom line: That an 8.74% bump over their IPO price but a 10.26% decline from their first open-market trades.

Go deeper: Lyft's IPO doesn't reflect a market top

Lyft gets its IPO pop (sort of)

Shares close higher than the IPO, but below initial trades.

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Lyft

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Lyft shares closed at $78.29 per share on their first day of trading, after raising $2.34 billion in the ride-hail company&#x27;s IPO.Bottom line: That an 8.74% bump over their IPO price but a 10.26% decline from their first open-market trades.<ul><li>Go deeper: <a class="gtmContentClick" data-vars-link-text="Lyft&#x27;s IPO doesn&#x27;t reflect a market top" data-vars-click-url="https://www.axios.com/lyft-ipo-raise-market-peak-90762bc1-cda3-45fc-be6a-f95413377e3a.html" data-vars-content-id="1b6843bc-4d23-469b-9dc6-0b8d24aeab91" data-vars-headline="Lyft gets its IPO pop (sort of)" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/lyft-ipo-raise-market-peak-90762bc1-cda3-45fc-be6a-f95413377e3a.html" target="_self">Lyft&#x27;s IPO doesn&#x27;t reflect a market top</a></li></ul>

From the Valley to D.C., Big Tech players like Facebook, Google and Amazon are under more scrutiny than ever as new technology develops and privacy and antitrust concerns grow in lockstep with companies’ ambitions.