id="article-body" class="row" section="article-body"> Gone are the days of Lyft's pink mustache grills.

<b>Lyft Lyft has come a long way since its days of fist bumps and pink mustaches. </b>

After its highly anticipated initial public offering, the San Francisco-based ride-hailing company began publicly trading late Friday morning with a preopen share price set at $72. It quickly jumped roughly 20 percent to $85.91 in trading around 9 a.m. PT, before closing at $78.29, up 8.7 percent.

Co-founders Logan Green and John Zimmer rang the opening bell on the Nasdaq exchange, where the company's shares trade under the ticker symbol LYFT. The IPO exceeded expectations on Thursday, raising $2.34 billion and placing Lyft's value at $24 billion. That's significantly higher than its $15 billion estimated valuation as a private company.

Lyft's debut is the first of many expected public offerings this year. If all goes as planned, 2019 will be another year of the tech IPO. Uber, Airbnb,