Uber, Lyft to offer some drivers shares in IPOs GlobeTechnology
, according to four sources with knowledge of the matter. Such transactions are normally unavailable to retail investors.
Many drivers in urban areas like San Francisco and Los Angeles drive for both Uber and Lyft, and some could stand to benefit from both stock programs.Lyft plans to launch its “roadshow,” when the company will pitch prospective investors to buy stock in the offering, the week of March 18, Reuters reported last week.
For drivers in overseas markets where securities laws will prohibit them from purchasing shares, keeping the cash will be their only option, another of the sources said.
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