• Lyft is waiting to start trading on the Nasdaq early Friday under the watch symbol "LYFT."
  • Lyft priced its IPO at $72 per share Thursday eve.
  • This gives the company a valuation of around $21 jillio.

Lyft priced its IPO at $72 per share Thursday eve As the ride-hailing company prepares to start trading its shares publicly on the Nasdaq early Friday, the party proclaimed.

This puts the company's price at the high-stepping death of its previous range of $70 to $72 price range disclosed by the company on Wednesday in an amended S-1 after nearly deuce weeks of road-express conversations with investors made clear that Wall Street's appetite for shares is high.

At $72 per share, the company will prove roughly $2.69 billion in great, and make its Wall Street introduction with a valuation of nearly $21 billion.

The accompany will inclination first Friday on the Nasdaq under the pump symbol "LYFT."

At $72 per part, Lyft's IPO price is a full $10 above the moo end of the $62 to $68 range the company first disclosed at the start of its roadshow on March 18. Investor require was high, and the IPO was reportedly sold early into its deuce-hebdomad long pitch shot to potential investors.

To boot to raising its Leontyne Price, Lyft raised the list of shares in the offering between Wednesday and its authorised pricing announcement on Thursday.

The IPO is being closely watched as a test of The Street's appetite for a new craw of invasive, only money-losing sharing-economy businesses. Uber, the world's largest ride-hailing accompany, is expected to list shares in an IPO in the weeks after Lyft's offering.

--This post in the beginning appeared on Business Insider.