Ride-hailer Lyft to list on Nasdaq this week

US ride-hailing company Lyft's stock market listing this week will give investors the opportunity to place their bets on a company with a history of losses in an unproven sector.

Wall Street analysts said Lyft's offering of 30.7 million shares at $62 to $68 each is about four times oversubscribed, suggesting a strong first day of trading when the deal is brought to the Nasdaq Stock Market, possibly on Thursday.

If shares sell at $65 a share, the midpoint, the deal would value the company at about $23 billion.