Lyft says drivers will have a chance to pick up shares in its IPO

CNET | 3/1/2019 | Andrew Morse
superdudea (Posted by) Level 3
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Drivers can be owners too.

Lyft, the popular ride-hailing company, said it plans to pay drivers a bonus and that they could use the cash to buy shares in its IPO.

Lyft - Paperwork - Securities - Exchange - Commission

Lyft filed paperwork with the Securities and Exchange Commission on Monday to list its shares on the NASDAQ stock exchange, an IPO that could come as early as next month. The San Francisco-based company reportedly could raise as much as $100 million in the listing.

In a separate press release Friday, Lyft said it would pay drivers bonuses of as much as $10,000, money that could be used to buy shares in the company at the IPO price. The bonuses are expected to be paid by March 19.

Lyft - Cash - Bonus

Lyft will pay a cash bonus of:

$1,000 to drivers in good standing who have completed at least 10,000 rides but fewer than 20,000 rides on its...
(Excerpt) Read more at: CNET
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