Lyft raises IPO price range ahead of Friday IPO

• Lyft raised its expected IPO price range to $70 to $72 per share just days ahead of its expected market debut.
• The company disclosed the new price range, up from the $62 to $68 range it previously disclosed, in an amendment to its S-1 registration form on Wednesday afternoon.
• The ride-hailing company is expected to price its IPO officially on Thursday night and is expected to start trading on Friday morning.

Lyft raised its expected IPO price range on Wednesday to $70 to $72 per share following reports that demand for shares has far exceeded supply in the company's upcoming public offering.

The company disclosed the new price range, up from the $62 to $68 range it previously disclosed, in an amendment to its S-1 registration form on Wednesday afternoon.

Lyft is expected to officially price its IPO on Thursday night, and is expected to start trading on the Nasdaq Friday morning under the ticker symbol "LYFT".

This story is developing. Refresh for the latest update.

NOW WATCH: Take a look inside Ikea's futuristic lab where researchers design algae hot dogs, virtual-reality furniture, and self-driving cafés