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Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Here's who gets enriched by Lyft's IPP

Here's who gets enriched by Lyft's IPP



At an initial share price of $ 72 per share, Green's stake in LYFT will be estimated at around $ 603 million, while Zimmer's shares will cost about $ 416 million.
  Lyft co-founders John Zimmer (left) and Logan Green

Green and Zimmer will continue to control Lyft because most of their shares are in the form of shares of class B who have the right to vote. Green, who is also Chief Executive Officer of Lyft, and Zimmer, who is President of Lyft, will have just under 49% of the vote. Lyft directors and board members will generally control 61% of the voting rights.

But Green and Zimmer are not the only ones to redeem Lyft's IPO. RKUNF ) has a 13% stake in Lyft, which is now worth nearly $ 2.3 billion. Founder and CEO of Rakuten Hiroshi Mikkitani is a board member of Lyft. General Motors GM and the Fidelity mutual fund have an almost 8% stake in Lyft. These shares cost a little north of $ 1.3 billion at $ 72.

Andresen Horowitz, a venture capital firm in the Silicon Valley, holds about 15 million shares of Lyft, a 6% stake that costs nearly $ 1.1 billion. Dollar. Andriesen Horowitz co-founder Ben Horowitz is on board the Lift. Alphabet owns about 12.8 million shares of Lyft through its CapitalG company. This share is worth $ 923.7 million.

And board member Valery Jarrett, former advisor to President Barack Obama, has a share that will cost just under $ 500,000.


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