Four People You’ve Never Heard Of, Who Made Billions On The Lyft IPO
— 3 April 2019

Four People You’ve Never Heard Of, Who Made Billions On The Lyft IPO

— 3 April 2019
Boss Hunting
Boss Hunting

Lyft, Uber’s staunch ride sharing rival, listed its shares on the US market last Friday. The IPO was one of the largest tech IPOs in history. Facebook is the only tech company to have had a higher valuation before going public. Listing at $72 per share, Lyft popped 20% in the first couple of hours, but has since dropped below its IPO price to sit at $69 at the time of writing.

Regardless of current price, the real winners were four people you’ve probably never heard of, some of the biggest investors in Lyft’s initial investment rounds. Who cares about fame when you’re making this kind of cash in a single day?

Heroshi Mikitani

Who: Chairman and CEO of Rakuten Inc., Japan’s largest e-commerce company

How much he owned of Lyft: 13.1%
Value of Lyft stock: $2.6 billion

Mary Barra

Who: CEO and Chairwoman of General Motors. Barra is also one of GM’s largest shareholders.

How much she owned of Lyft: about 9%
Value of Lyft stock: $1.5 billion

Abigail Johnson & Family

Who: CEO and owner of Fidelity. Fidelity is wholly owned by the Johnson family and was started by Abigail’s grandfather. Talk about some cash.

How much they owned of Lyft: 7.7%
Value of Lyft stock: $1.5 billion

Marc Andressen & Ben Horowitz

Who: Founders of Silicon Valley’s most prominent VC firm, Andreesen Horowitz. They’ve funded nearly every big unicorn of the last decade and set to make billions more with Airbnb, Pinterest and Slack all looking to IPO this year.

How much they owned of Lyft: 5.5%
Value of Lyft stock: $1.2 billion

Get in on the action yourself

If you want to stop just reading about rich people and give it a crack yourself, check out Stake, Aussie’s best option for the US market. $0 commission on trades (so you can stuff it up all you want without getting eaten alive in fees) and access to 3,000+ stocks including Lyft.

Download the app on iTunes or Google Play. Make sure to use the code “BOSS2019” and if you fund more than $2500 AUD into your US trading account, they’ll send you VIP swag with a trader tee. 

This article has been supported by Stakeshop Pty Ltd, trading as Stake (ACN 610105505). Stake is an authorised representative of Sanlam Private Wealth Pty Ltd (AFSL 337927). Stake is focused on giving you a better investing experience but doesn’t take into account your personal objectives, circumstances or financial needs. Any advice is of a general nature only. As investments carry risk, before making any investment decision, please consider if it’s right for you and seek appropriate taxation and legal advice. Please view our Financial Services Guide before deciding to invest through Stake.

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