Uber and Lyft plan to give their longest-serving or most-active drivers access to stock in their IPOs
Ride-hailing companies Uber Technologies Inc. and Lyft Inc. are planning to give some drivers the chance to take part in their initial public offerings, a rare move that would grant them access to two of the most hotly anticipated IPOs ever.
Both Uber and Lyft’s IPOs will include programs that would give some of their most-active or longest-serving drivers a cash award with an option to put it toward stock in the IPOs, according to people familiar with the matter. It is typically hard for an ordinary investor to buy a company’s...Uber and Lyft are both revving up for two of the most anticipated IPOs of 2019. In three rounds, we look at which company will be a better bet for investors.
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