But unlike the wave of consumer tech founders before them, from Daniel Ek to Jeff Bezos, Lyft’s IPO will not crown any new billionaires. (By market close, Lyft's stock spike has increased Green's share value, including RSUs, to $760 million and Zimmer's stake to over $550 million. As part of its IPO, Lyft instituted a dual share class with the founders maintaining a combined 48.76% of the vote. Lyft late Thursday said it had priced the IPO at $72 and said it was offering 32.5 million shares of Class A stock, plus up to an additional 4.9 million shares. Shares started trading on the Nasdaq Stock Market under the LYFT ticker and closed Friday at $78.29, a 9% increase from its initial pricing, resulting in a $26 billion market cap.

Source: Forbes March 29, 2019 12:31 UTC