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
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