this is not about nasdaq congratulations. >> jay heller. thank you.thank you as we hear the applause let's go back the los angeles with the scene there as lyft opens for trade. andr andrew >> i was just hearing applause when the stock opened. we're abou terms of valuation than the company was just several hours ago. there will be other who is say that's $5 billion left on the floor for the company. of course, this is a company that will have to spend a lot more money over the nec several years as it continues to build we'll watch for that this has been kwiequite a produn today. it will be interesting to see what the other deca corns, as they are now being called, will do on their big opening day. back to you. >> it's worth noting for lyft as well as uber they are going public in a very different stage of their life cycle than previous companies that have seen this. lyft and uber alone have raised more venture capital than any other company that's gone public >> that he has are mature start ups. if you go back and think about the history of lyft, it in

for the nasdaq's capital markets team and their chief ipo officer, which you can see back there jay hellerspeak to throughout the morning is to work in coordination with ipo, the syndicate trading partner to ensthure this process is transparent that is always a challenge for big ipos like lyft the quoting proc 10:35 a.m 10:45 a.m. is when shares are eligible to trade. but from what we understand, this company not expected to go public and officially trade between the 11:00 a.m. to 12:00 p.m. hour. we'll keep you updated back to you. >> thank you, seema. a little while until we see a first trade there. >> probably, i don't know, 10:30. what they're trying to say now, huge wave of retail money flowing in right now to try to get in, at whatever price, using market orders. i try to tell people -- i've given up trying to tell people how to do this that's what facebook is like >> six months from now, when some -- uber is out there as a public company where do you think lyft will trade? that's a brutal question to ask. higher than today's price or lower? >> i think it can be higher. >> you do? >>