- The S-1 paperwork for Lyft’s anticipated multibillion IPO is now open to the public.
- It lists who the major shareholders are.
- These are the people that will cash in big time should the stock sale go well.
The S-1 paperwork for Lyft’s anticipated multibillion IPO is now open to the public, and it lists who the major shareholders are and how many shares they own. These are the executives and venture investors who will reap a huge financial windfall should the public love the stock and drive the share price up.
While we don’t know exactly how much this IPO will enrich each one of the early investors until the shares are priced, Lyft has revealed a share price range, giving us a better idea of who will reap the biggest rewards when Lyft goes public.
The company plans to sell just under 30.8 million Class A shares, which it plans to price between $62 and $68 each. That price could could higher if its roadshow with the initial investors goes well. At $68 per share,