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Benzinga
Benzinga
Business
Dylan Berman

What's Going On With Lyft Stock Wednesday?

Lyft Nasdaq
Lyft,Van,,Detroit,,Michigan,,Usa-march,29,,2019:,Lyft,Van,Outside

Lyft, Inc. (NASDAQ:LYFT) shares traded higher on Wednesday. The company announced an offering of $450 million of convertible senior notes.

What To Know: Lyft priced $450 million in convertible senior notes due 2030 in a private offering to qualified institutional buyers under Rule 144A. The initial purchasers also have an option to buy an additional $50 million in notes within 13 days of issuance.

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