Lyft Moves San Francisco IPO Roadshow as Drivers Protest (1)

March 25, 2019, 10:16 PM

Disgruntled drivers showed up at the Omni hotel in San Francisco hoping to make their feelings known to the executives, bankers and potential investors at Lyft Inc.’s IPO roadshow meeting.

No one was there.

Lyft’s scheduled March 25 meeting was held at the Olympic Club instead. It had originally been planned for the Omni, according to a term sheet reviewed by Bloomberg when the roadshow was announced.

Dozens of drivers and their supporters nevertheless protested in the rain, decrying the cuts foisted upon them by Lyft while, they believed, the executives and bankers were hosting lunch for would-be investors inside. ...

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