In the filing, Lyft also highlighted its expanding market share in the U.S., which grew to 39% in December 2018, up from 22% in December 2016, pointing to growth from both new drivers and riders as well as increased ride frequency.
ETF investors who want exposure to the newly listed company may look to something like the IPO-themed Renaissance IPO ETF (NYSEArca: IPO). The Renaissance IPO ETF usually incorporates new issues within 90 days of listing and kicks out older ones after two years of public trading. The fund can also quickly include new sizable companies at their discretion.
“The ETF tracks the rules based Renaissance IPO Index, which adds sizeable new companies on a fast entry basis and the rest upon scheduled quarterly reviews. Companies that have been public for two years are removed at the next quarterly review,” according to Renaissance Capital.
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