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

  • 📰 CNBC
  • ⏱ Reading Time:
  • 6 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 72%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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? 🤔

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cramer: Fund managers are ditching high-growth stocks for Lyft, IPO seasonThe major indexes finished Wednesday in the red. Jim Cramer says expect the selling to continue as big funds build capital to buy IPOs Crazy... Cash loser forever Bullshit. Again jimcramer doesn't know what the hell he is talking about. Why are the Democrats not enraged over one person one vehicle transportation?
Source: CNBC - 🏆 12. / 72 Read more »

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
Source: CNBC - 🏆 12. / 72 Read more »