Lyft is privately pitching investors on its quick growth in smaller markets as it prepares for an IPO.
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Lyft founders plan to control company through supervoting shares ahead of IPOThe founders of Lyft Inc. are preparing to take near-majority voting control of the ride-hailing company when it goes public this year, despite together owning a stake of less than 10%, making them the latest Silicon Valley entrepreneurs to secure outsize influence over a hot startup as it enters the public markets.
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Lyft Founders to Tighten Grip With Supervoting Shares in IPOJohn Zimmer and Logan Green are preparing to take near-majority voting control of the ride-hailing company when it goes public this year, despite together owning a stake of less than 10%.
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Lyft Trying A ‘Green Mode’ To Get More Of Its Riders Into Electric CarsThe option has launched in Seattle but will expand to California and other markets. Drivers who rent EVs through Lyft's Express Drive can recharge for free, at least initially.
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Foreign IPO tide flows back into Hong KongGlobal Switch and Home Credit are eyeing $1 bln floats in a city which has struggled to attract interest offshore. AB InBev might list its Asia operations too. Rule changes letting the benchmark index include overseas-based firms are one incentive. A thin China pipeline is another.
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Iconic jeans company Levi Strauss files for IPO
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