Lyft is using a controversial new stock structure in its IPO that will let its founders keep 'significant influence' over the company
Lyft will have two classes of stock when it goes public this year, it said in documents filed Friday.
Class B shares, held by executives including the two founders, will have 20 votes while traditional Class A shares hawked to new investors will have one vote each.
Most tech companies that go public now are using a similar structure, and some organizations have pushed back against the growing trend. There’s a growing trend among tech companies when they go public: keeping
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