Lyft IPO: GM, Carl Icahn and others set to win big
Lyft is now a public company after what was a high-demand IPO that priced shares at $72, the upper end of the range. The stock popped on its debut, listing on the Nasdaq under the symbol LYFT.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| LYFT | LYFT INC. | 17.17 | -0.19 | -1.09% |
Lyft’s valuation is now nearing $30 billion making its early investors likely very happy and rich.
Lyft co-founder and CEO Logan Green
After the IPO: Green will own nearly 7.7 million Class B shares.
Lyft co-founder and president John Zimmer
After the IPO: Zimmer will own 5.1 million Class B shares.
General Motors
In 2016, GM invested $500 million in Lyft and it currently owns 18.6 million Class A shares -- or about 8 percent of the company. It is poised to make more than $1 billion on Friday.
Fidelity
Fidelity currently owns about 18.5 million Class A shares --also about 8 percent of the company. It, too, is poised to make more than $1 billion on Friday.
Ben Horowitz for Andreessen Horowitz
As an early investor in Lyft during the company's Series C, Andreessen Horowitz owns more than 15 million Class A shares or about 6.25 percent of the company.
Carl Icahn and Jonathan Christodoro of Icahn Enterprises
In 2015, activist billionaire Carl Icahn made big news when he invested $100 million in Lyft. Ichan Enterprises Managing Director Jonathan Christodoro is also on Lyft's board. However, according to the S-1, Christodoro only has 12,856 Class A shares.
Sean Aggarwal
An early angel investor and adviser for Lyft, joining the board in 2016, Aggarwal has 1.4 milion Class A shares.
Hiroshi Mikitani for Rakuten
The Japanese e-commerce giant Rakuten invested $300 million in Lyft in 2015. Its founder, Hiroshi Mikitani, later joined the company's board. Rakuten currently owns more than 31 million Class A shares-- or 13 percent of the company -- making it the largest shareholder of the company.
Valerie Jarrett
President Barack Obama's former senior adviser, Valerie Jarrett, joined Lyft's board of directors in July 2017 and has more than 6,600 Class A shares.