$LYFT Lyft's initial public offering (IPO) took place on March 28, beating its chief rival, Uber, to market. According to the prospectus that Lyft filed for the IPO, the company's share of the U.S. ride-hailing market grew to 39 percent in December 2018 from 22 percent at the end of 2016. However, while Lyft's stock debuted at $72 per share, its price as of the close of market on April 12 was $59.90 per share. This latest stumble is likely going to be a factor when the stock markets open on the morning of April 15.