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Axios
Axios
Business
Dan Primack

Lyft breaks below IPO price on second day of trading

Data: FactSet; Chart: Chris Canipe/Axios

Lyft shares traded below their $72 IPO price for most of Monday, closing their second day of trading at $69.01 per share.

Why it matters: It's unusual for such a large and well-publicized offering to cool so quickly, particularly without an intervening news event or material disclosure.

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