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Lyft Stock Jumps 21% In Public Market Debut, But It Still Won’t Make Founders Billionaires

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Investor interest drives Lyft to a $24 billion valuation, but it still won't make the founders billionaires by bizcarson

by maintaining control of the company. As part of its IPO, Lyft instituted a dual share class with the founders maintaining a combined 48.76% of the vote. Green's shares now control 29.31% of the vote, while Zimmer's voting power is 19.45%.

Lyft late Thursday said it was offering 32.5 million shares of Class A stock, plus up to an additional 4.9 million shares. The offering, priced at the top of an increased, earlier range, originally valued the company toLyft president and cofounder John Zimmer owns an estimated $510 million stake in Lyft.While Zimmer and Green might not reach billionaire status overnight, several others will receive a boost to their fortunes.

There are also some family ties for Green. The CEO is married to Eva Gonda Green, the daughter of Louis Gonda who appeared on

 

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bizcarson this pink colour is kinda off putting

ubercopy is worth a lot on paper. Wait until a copy of ubercopy comes along.

bizcarson Dying Unicorn anyone ?

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