facebookLyft IPO- I heard Institutional Investors priced the stock at the upper range of $72...What does this mean? It then traded 80+ dollars on its first day. Why and can we tell anything from this? - Seedly

Anonymous

27 Oct 2019

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General Investing

Lyft IPO- I heard Institutional Investors priced the stock at the upper range of $72...What does this mean? It then traded 80+ dollars on its first day. Why and can we tell anything from this?

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Kelly Trinh

27 Oct 2019

Backoffice technical at financial services firm

Its dropped like a rock since then so at least the long term lesson is that institutional investors don't have any special sauce and crystal ball on future stock prices

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