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Lyft prices its IPO at the top of the range

Lyft Inc. late Thursday priced its initial public offering at $72 a share, the top of a range the ride-hailing company had upped on Wednesday, valuing the company at about $24 billion.

Lyft LYFT, +0.00% had filed for the IPO earlier this month, beating rival Uber Technologies Inc. in the race to tap capital markets.

The company for years was an also-ran in the fast-growing ride-hailing business, and known for the hot-pink fuzzy mustaches drivers would attach to their cars’ bumpers and the friendly fist bumps drivers were asked to greet riders.

Lyft shares will list Friday on the Nasdaq under the ticker “LYFT” and the offering is expected to close on April 2.

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