Lyft is slated to have a blockbuster initial public offering, drawing investor attention back to the stock market, CNBC's Jim Cramer said on Thursday.
div > div.group > p:first-child"> Cramer said the highly-anticipated IPO could open as high as $100 a share. His comments came after the ride-hailing company increased its expected IPO share price range to between $70 and $72 per share from between $62 and $68. The company would be valued around $20 billion in the updated pricing range.
Lyft is expected to price its shares Thursday and go public Friday on the Nasdaq under the ticker LYFT.
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