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The first gig-economy I.P.O. is here

As of this morning, Lyft is officially the first in a new wave of Silicon Valley companies to begin trading on the public markets, Michael de la Merced and Kate Conger of the NYT report.

The ride-hailing service is now valued at more than $24 billion, after robust investor demand helped Lyft price its initial public offering last night at $72 a share, up from its first price range of $62 to $68. The company sold more shares than planned, raising over $2.3 billion.

It begins trading on the Nasdaq this morning, under the ticker symbol LYFT. Investors will be anxious to see how big a “pop” its shares will enjoy. Some analysts have already given it a “buy” recommendation.

Lyft’s stock sale will yield a windfall for its investors, including Rakuten of Japan, G.M. and Andreessen Horowitz. The company’s co-founders, Logan Green and John Zimmer, will become multimillionaires.