Brent Wilsey: Lyft going public, saving for you 401k
SAN DIEGO (KUSI) – Lyft’s initial public offering surged on Wall Street today. The nation’s second largest ride sharing service went public, shares rose almost 9% above the IPO price of $72 per share.
By day’s end, the ride-sharing firm’s market value stood at $26 billion, making it one of the most valuable American companies to go public in the last decade.
Many investors view Lyft as a proxy for how the much larger Uber may perform when it goes public later this year.
Joining KUSI to discuss Lyft’s IPO and how to save for your 401k is President of Wilsey Asset Management Brent Wilsey.