Monday , November 18 2019
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Report: Ober and Levitte can give pilot actions in public subscribe



Mubasher: A report that Ober Technologies and Lift will give some of its drivers an opportunity to participate in their initial public offers.

A report in the Wall Street Journal, citing familiar sources of the matter, said yesterday that both companies would include programs for long and highly active servers.

The report added that these programs will grant these drivers a cash bonus with the option of transferring them to the actions of the two companies.

This is unusual, because ordinary investors usually can not buy the shares of the company during the initial public offers and the drivers are hired employees.

According to the report, the Ober plan will give some drivers or a bonus in cash or the option to use these funds to buy shares at an IPO price.

At the same time, Lift will grant drivers who will make 10,000 trips with a bonus of $ 1,000 and will be entitled to retain or use them to participate in the company's first public offer.

According to the newspaper, a driver who registers at least 20,000 flights may opt for $ 10,000 in cash or equivalent.


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