Lyft has had a wild ride of late. The ride-hailing app company launched its IPO on Friday, March 29, with a valuation that rose from $24.3 billion to $26.6 billion and a share price of $87.24 — 21% above its IPO offer of $72. By the close of trading on Monday last week, amid skepticism from analysts, its share price had fallen to around $69, and its valuation plummeted to $19.8 billion. It has since inched up to about $70 with a market capitalization of $20 billion.
