/Lyft to Price Shares Above Targeted Range of $62 to $68 in IPO

Lyft to Price Shares Above Targeted Range of $62 to $68 in IPO

Lyft Inc. is expected to price its shares above the targeted range for its initial public offering, in a sign of strong investor demand ahead of the ride-hailing service’s debut.

Lyft, which is conducting a roadshow to market the shares, has told investors that it is likely to price the stock above its previously targeted range of between $62 and $68, according to people familiar with the deal. While it is unclear what level it will pick when the shares are priced late Thursday, it is unlikely to be as high as $80, some of…