FYI: Last week, Lyft had one of the highest-profile initial public offerings (IPOs) in recent years, and the ride-hailing company closed the day with a $26 billion market capitalization, up 9% from its opening price.
Yet in recent years, some investors have increasingly shifted from owning stocks directly to using ETFs to gain exposure to the U.S. equity market. With most of these funds tracking an index, it’s important to understand the underlying index’s inclusion criteria, because it could be at least a year before LYFT, or other soon-to-be-public-yet-well-known companies, end up inside.
Regards,
Ted
https://www.etf.com/sections/blog/lyft-will-ride-etfs-differently
