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New York Lyft will pay some of its drivers up to $10,000 in cash bonuses ahead of the company's forthcoming IPO -— an unusual benefit for a portion of the independent contractors who are critical to the company's business model.
The drivers who receive a bonus will be given the option to put that money toward stock in the company. Lyft detailed the program in IPO paperwork it filed Friday. It's raising as much as $100 million in its public offering, beating competitor Uber to the punch. The bonus program will provide one-time cash rewards to"recognize drivers who have contributed to our success.
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