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