Home / Business / Who will get rich from the Lyft IPO?

Who will get rich from the Lyft IPO?

At an initial public offering price of $ 72 per share, Green's interest in Lyft ( LYFT ) will be approximately $ 603 million, while Shares worth about $ 603 million will have $ 416 million.
  The Lyft co-founders John Zimmer (left) and Logan Green

Green and Zimmer will continue to control Lyft as the majority of their shares continue to be controlled in the form of class B shares – which have the right to vote. Green, who is also the CEO of Lyft, and Zimmer, the president of Lyft, will have nearly 49% of the voting rights. Lyft executives and board members will control a total of 61% of the voting rights.

But not only Green and Zimmer will make money with the initial public offering of Lyft.

  Lyft Stocks Debut on Wall Street
The Japanese E-Commerce Giant Rakuten ( RKUNF ) has a 13% stake in Lyft, which is now worth nearly $ 2.3 billion. The founder and CEO of Rakuten, Hiroshi Mikitani, is a member of the board of Lyft.
General Motors ( GM ) and the mutual fund giant Fidelity are both involved with nearly 8% of Lyft. These bets are worth a little bit north of $ 1.3 billion at an offer price of $ 72 each.

Silicon Valley venture capital firm Andreessen Horowitz owns approximately 15 million shares of Lyft, a 6 percent stake worth nearly $ 1.1 billion. Andreessen Horowitz co-founder Ben Horowitz is on the board of Lyft.

Google Owner Alphabet (99 ) has also made a large investment in Lyft. Alphabet owns approximately 12.8 million shares of Lyft through the venture arm CapitalG. This stake is worth $ 923.7 million.

Board member Valerie Jarrett, former Advisor to President Barack Obama, has a stake of just under $ 500,000.

Source link