Published: March 18, 2019
Lyft is poised to rake in as much as $2 billion when it debuts on the public markets later this month, and its major stakeholders are set to get rich.
between $62 and $68 a piece, valuing the ride-hailing firm at up to $19.3 billion based on an outstanding share count of roughly 284 million Class A and Class B shares. Lyft’s co-founders, Logan Green and John Zimmer, will be the sole holders of the Class B shares, which carry more voting power. Japanese e-commerce company Rakuten, General Motors, Fidelity and Alphabet also hold significant stakes in Lyft.
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