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As Lyft Ups IPO Target, a Look at an IPO ETF Likely to Benefit

Bloomberg ETF IQ – TV Shows

Bloomberg’s Eric Balchunas and Scarlet Fu break down the First Trust U.S. Equity Opportunities ETF (ticker: FPX) with Ryan Issakainen, senior vice president and ETF strategist at First Trust. The fund seeks investment results tied to the U.S. IPO market. Lyft Inc. raised the price range of its initial public offering set for Thursday, adding to what is set to be the biggest listing of the year so far. It is aiming to sell 31 million shares at $70 to $72 each to raise as much as $2.2 billion. (Source: Bloomberg)

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