The competing ride-hailing companies have worked out cash bonus programs which will allow some qualified drivers to buy company stock before it pops on the public markets, according to the Wall Street Journal.
Lyft's program, the details of which could be revealed in a public filing as soon as Friday, will impact a minority of its driver, who will get cash that they can either keep, or buy shares with at the IPO listing price, according to the report.
Unlike full-time employees, Lyft and Uber drivers don't qualify for equity grants as part of their compensation. However, buying stock at the IPO price will likely give these drivers access to shares at a lower price than if they bought them on their own after shares start trading.
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