Silicon Valley

Here’s how many Bay Area homes Lyft employees can buy with IPO cash

5 years ago

Anonymous $Dftgs0JzgE

https://www.mercurynews.com/2019/03/29/heres-how-many-bay-area-homes-lyft-employees-can-buy-with-ipo-cash/

Every single home in San Francisco listed for sale on Thursday, nearly a third of all affordable homes in the Bay Area, or about half of the least expensive houses in San Francisco and the East Bay: That’s how many homes newly-minted millionaires at Lyft can buy with their IPO cash.
That is, if all of them went out to buy homes, say experts at Redfin, a real estate brokerage firm. Lyft’s stock was initially priced at $72 per share, meaning current and former employees now collectively hold nearly $1.5 billion worth of stock, Redfin estimates. But, the company is just the first of several, including Uber, Slack, Pintrest and Airbnb, that are all expected to go public this year or next.

Here’s how many Bay Area homes Lyft employees can buy with IPO cash

Mar 31, 2019, 2:18pm UTC

$Dftgs0JzgE

https://www.mercurynews.com/2019/03/29/heres-how-many-bay-area-homes-lyft-employees-can-buy-with-ipo-cash/ > Every single home in San Francisco listed for sale on Thursday, nearly a third of all affordable homes in the Bay Area, or about half of the least expensive houses in San Francisco and the East Bay: That’s how many homes newly-minted millionaires at Lyft can buy with their IPO cash. > That is, if all of them went out to buy homes, say experts at Redfin, a real estate brokerage firm. Lyft’s stock was initially priced at $72 per share, meaning current and former employees now collectively hold nearly $1.5 billion worth of stock, Redfin estimates. But, the company is just the first of several, including Uber, Slack, Pintrest and Airbnb, that are all expected to go public this year or next.