Lyft Inc. went public Friday in the highest-profile stock sale of the year. It didn’t take long for the doubters to show up in the equity market.
The shares dropped as much as 12 percent to $69.12 as of 10:32 a.m. in New York, more than erasing Friday’s gain and falling below its initial public offering price of $72. Wall Street analysts highlighted concerns about how fast the ride-sharing company can start making money.
