Lyft raises IPO price range ahead of Friday IPO

Laura Buckman/Reuters

Lyft CEO Logan Green is set to take the company public on Friday.

• Lyft raised its expected IPO price range to $70 to $72 per share just days ahead of its expected market debut.
• The company disclosed the new price range, up from the $62 to $68 range it previously disclosed, in an amendment to its S-1 registration form on Wednesday afternoon.
• The ride-hailing company is expected to price its IPO officially on Thursday night and is expected to start trading on Friday morning.

Lyft raised its expected IPO price range on Wednesday to $70 to $72 per share following reports that demand for shares has far exceeded supply in the company's upcoming public offering.

The company disclosed the new price range, up from the $62 to $68 range it previously disclosed, in an amendment to its S-1 registration form on Wednesday afternoon.

Lyft is expected to officially price its IPO on Thursday night, and is expected to start trading on the Nasdaq Friday morning under the ticker symbol "LYFT".

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