Lyft (LYFT) Breaks Below $72 Offering Price

Lyft (NASDAQ: LYFT) shares broke below the $72 offering price price on its second day of trading. Shares last traded at $71.35 after opening at $87.24 in its debut. Shares closed at $78.29 on Friday.

The weakness is not a good sign for the IPO market, which has a number of high-profile issues coming to market soon including Uber, Tradeweb, Slack, Postmates and others.

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