Inside the White House with D.C.'s most wired reporter. Sign up for Mike Allen's Axios AM.


Lyft shares open at $87.24

Lyft shares began trading just before noon on Friday at $87.24 per share, or 21% higher than their $72 per share IPO price, according to CNBC.

The bottom line: Lyft's opening market cap is around $25 billion, which is well above its last private market valuations.