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Lyft’s IPO: disruption is coming, and the investors are prepared to wait
Friday saw the of , the that popularized the ride-sharing model (now termed ride-hailing) in the United States and that controls .
: the company, faced with the high demand, , at the top of the range defined by analysts, to $87.24, and then closing at 78.02, ($22.2 at the closing), well above its previous valuation of $15.1 billion, which is .
So far, so good: this is the largest IPO since Alibaba in 2014, , who staged in the days leading up to the IPO. Alphabet, for example, has , while Andreessen Horowitz, who , has seen the value of its stake rise to $1.2 billion. The company’s shares were , who see it as a kind of .
Lyft’s IPO is being interpreted as . At the…