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Lift stock falls under IPO price after lukewarm market debut



Ceiling shares fell as much as 11 percent Monday and fell below stock levels after a mild market debut last week.

Lyft's market debut offers some of a gut check for Uber, Slack and Pinterest – all tech behemoths set to IPO this year. The company lost more than $ 900 million in 2018, according to its regulatory applications, and "too many prerequisites" for success, according to Guggenheim analysts.

The stock sold at an initial IPO price of $ 72 in a subscribed offer.

WATCH:
Here's what Uber can learn from Lift & # 39; s IPO


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