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Cramer: Lyft IPO likely to surge, drawing investors back to whole stock market

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Lyft is slated to have a blockbuster initial public offering, drawing investor attention back to the stock market, CNBC's Jim Cramer said on Thursday.

div > div.group > p:first-child"> Cramer said the highly-anticipated IPO could open as high as $100 a share. His comments came after the ride-hailing company increased its expected IPO share price range to between $70 and $72 per share from between $62 and $68. The company would be valued around $20 billion in the updated pricing range.

Lyft is expected to price its shares Thursday and go public Friday on the Nasdaq under the ticker LYFT.

 

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Why does anyone still listen to this guy?

Lyft

JohnMelloy jimcramer 'likely' means you're not sure ;) gimme some sure tips that I can work with

Cramer pump and dump? 🤔

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Cramer: I'm skeptical about Lyft as a longer-term investmentJim Cramer bets Lyft's stock can work in a slow growing economy, but warns investors should be cautious with 'fresh-faced' IPOs. Hey may just be saying that so he can manipulate the stock and short it How much more innovation can you possibly achieve? Who wouldn’t be without understanding the business model in full
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