Here Are the Big Winners Hitching a Ride on Lyft's IPO
- Rakuten founder Mikitani is biggest holder of Class A stock
- VC firm Andreessen Horowitz is another major shareholder
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A Japanese retail billionaire, rather than a Silicon Valley wunderkind, is poised to be the biggest beneficiary of Lyft Inc.’s impending initial public offering.
Hiroshi "Mickey" Mikitani’s e-commerce group Rakuten Inc. owns 13.1 percent of the ride-hailing company’s Class A shares, offering documents show. That would be worth about $2 billion if Lyft goes public with a valuation in the middle of its anticipated range of $20 billion to $25 billion, according to calculations by Bloomberg.