Ride-sharing service Lyft CEO Logan Green speaks during a session at the South by Southwest (SXSW) interactive, film and music conference in Austin, Texas March 16, 2015.Laura Buckman/ReutersLyft raised its expected IPO price range on Wednesday to $70 to $72 per share following reports that demand for shares has far exceeded supply in the company's upcoming public offering.
The company disclosed the new price range, up from the $62 to $68 range it previously disclosed, in an amendment to its S-1 registration form on Wednesday afternoon.
Lyft is expected to officially price its IPO on Thursday night, and is expected to start trading on the Nasdaq Friday morning under the ticker symbol "LYFT".This story is developing. Refresh for the latest update.
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