John Zimmer, co-founder and president of Lyft Inc., center, and Logan Green, co-founder and chief executive officer of Lyft Inc., right, arrive to ring the opening bell during the company’s initial public offering (IPO) at Lyft’s new service center in Los Angeles, California, U.S., on Friday, March 29, 2019. Demand for Lyft Inc. shares has lifted the value of the combined stake of its co-founders to $1.2 billion. Photographer: Kyle Grillot/Bloomberg
A flood of tech startups’ initial public offerings could boost the Bay Area’s in-house counsel market in 2019, recruiters said, as companies’ legal departments grow to meet new compliance requirements.
San Francisco-based ride-hailing company Lyft Inc. beat rival Uber Technologies Inc. to the IPO punch last week. Uber is still set to go public this year, alongside Bay Area neighbors Pinterest Inc., Slack and Airbnb Inc. In a 2017 interview with Corporate Counsel, Lyft general counsel Kristin Sverchek hinted she would hire more securities counsel post-IPO.
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