Lyft shares surge 21.2 percent on Nasdaq debut after IPO

Lyft Inc shares on Friday opened up 21.2 percent at US$87.24 in its market debut on the Nasdaq after the company was valued at US$24.3 billion in the first initial public offering of a ride-hailing startup.

Signage for Lyft is seen displayed at the NASDAQ MarketSite in Times Square in celebration of its initial public offering on the NASDAQ Stock Market in New York, U.S., March 29, 2019. REUTERS/Shannon Stapleton

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