Lyft, which operates an on-demand ridesharing app that connects riders and drivers, raised $2.2 billion by offering 30.8 million shares at $72, the high end of the upwardly revised range of $70 to $72.
Lyft originally proposed a range of $62 to $68. Most companies that price above the range trade up initially.
Lyft plans to list on the Nasdaq under the symbol LYFT. J.P. Morgan, Credit Suisse, Jefferies, UBS Investment Bank, Stifel, RBC Capital Markets and KeyBanc Capital Markets acted as lead managers on the deal.
