In an apparent strength of demand of the initial public offering Lyft is offering the shares above the target price. The stock market mood and sentiment is dictating Lyft’s apparent above target pricing.
Lyft is in the process of campeigning in a road show for its offering, value, and strength of the company. Internet based international ride sharing has taken off with possible future self driving cars and even drone-copter based air taxis that are autonomous.
According Peter Mangel, an investment guru, Lufe shares can have an initial target of $75 in the first six months after it starts trading.