Apr 1, 2019 - Technology
Lyft breaks below IPO price on second day of trading

- Dan Primack, author ofAxios Pro Rata


Lyft shares traded below their $72 IPO price for most of Monday, closing their second day of trading at $69.01 per share.
Why it matters: It's unusual for such a large and well-publicized offering to cool so quickly, particularly without an intervening news event or material disclosure.