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Stanford University Owned Lyft Stock Before It Tumbled

Ed Lin

Stanford University acquired (LYFT) stock (ticker: LYFT) on March 29—its first day of trading—which also happened to be the last trading day of the first quarter. The Stanford Management Co., which oversees the school’s endowment and other financial assets, reported its U.S.-traded investments as of March 31 in a form it filed with the Securities and Exchange Commission. Stanford disclosed that it owned 11,890 Lyft shares, valued at $931,000 at the time.