Daily Archives: April 19, 2019, 9:06 am

Well, That Didn’t Take Long: Lyft Hit with IPO-Related Securities Suit | The D&O Diary

On March 28, 2019, amidst much fanfare, the rideshare company Lyft went public at $72 a share, raising more than $2.2 billion.  In the first trading day following the offering, the company’s share price rose 8.7 percent. However, despite the initial euphoria, Lyft’s share price then began to slump. Lyft shares closed at $58.36 on Thursday afternoon (April 18), representing…

Read More