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Join the Securities Litigation and Enforcement Group on LinkedInWell, 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 […]