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Lyft founders plan to control company through supervoting shares ahead of IPOThe founders of Lyft Inc. are preparing to take near-majority voting control of the ride-hailing company when it goes public this year, despite together owning a stake of less than 10%, making them the latest Silicon Valley entrepreneurs to secure outsize influence over a hot startup as it enters the public markets.
Source: MarketWatch - 🏆 3. / 97 Read more »
Levi Strauss Wants To Stretch Its Pockets With Second Go At IPOThe denim company, which patented bluejeans in 1873, is planning to go public in one of the most high-profile IPOs of the year. Still controlled by Strauss descendants, it has been private since 1985. Guess we can all look forward to the Levi Layoffs of 2020. Why would one of the most successful US companies since 1873 go public? Cause Trump fecked them too. hofnasty gonna go in on this one?
Source: NPR - 🏆 96. / 63 Read more »
Lyft Founders to Tighten Grip With Supervoting Shares in IPOJohn Zimmer and Logan Green are preparing to take near-majority voting control of the ride-hailing company when it goes public this year, despite together owning a stake of less than 10%.
Source: WSJ - 🏆 98. / 63 Read more »