Lyft has priced its initial public offering at the top of its expected price range on Thursday and raised $2.2 billion in the process.

At $72 per share, the ride-hailing giant has a market valuation of roughly $24.3 billion, rivaling in size the market cap of fellow Silicon Valley tech firms Twitter and Snapchat.

The company had originally set an expected IPO range between $62 to $68 per share, before increasing the range yesterday to a range of $70 to $72.

Lyft will debut on the Nasdaq stock exchange Friday morning under the ticker symbol ‘LYFT.’

It has been busy conducting an IPO roadshow, wherein the company pitches itself to potential underwriting banks, that took place in New York, San Francisco and other states.

Lyft’s public debut is being seen as a turning point for the ride-hailing business and the so-called ‘sharing economy.’

The firm will have a valuation of at least $20 billion with the initial public offering (IPO), one of the first from a wave of venture backed ‘unicorns,’ or startups worth more $1 billion or more.

Its entry to the public markets comes ahead of a hotly anticipated offering from larger rideshare rival Uber, which is valued at some $70 billion, and other tech startups including the business collaboration firm Slack and visual discovery engine Pinterest.

Both Lyft and Uber are promoting their moves as lifestyle-changing, which could wean dependence on private cars and help reshape urban landscapes.

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