The expected price range will send the ride-hailing company’s valuation above US$23 billion. Lyft is expected to finalize the pricing of its IPO on Thursday, and shares will begin trading on the Nasdaq on Friday. (Wall Street Journal)

Talking point: Lyft is one of the largest U.S. tech firm to IPO in recent years, driving increased interest in the company. Demand has already surpassed the number of shares on offer by its roadshow’s second day. In addition to being good news for Lyft, that’s also promising for the other high-growth but also high-loss tech companies trying to go public this year, including rival Uber. Lyft is also introducing economic incentives for drivers, like no-fee bank accounts, debit cards, vehicle maintenance and rental-car deals. They’re a way for the ride-hailing company to retain its freelance drivers pre-IPO without increasing fares—potentially deterring customer demand—or decreasing the percentage of the revenue it takes for itself—potentially reducing revenue.