JPMorgan and Credit Suisse will get paid almost equal amounts for helping take Lyft public, and it's part of a growing trend for IPO fees

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Jamie Dimon, Chairman and CEO of JPMorgan, will see around 35% of Lyft's IPO underwriting fees, sources told Business Insider.

• Lyft has been closely-guarded with the economics of its IPO. The company still hasn't disclosed the fees its paying its underwriters, who are represented by JPMorgan, Credit Suisse, and Jefferies.
• JPMorgan took a little over 30% of the overall underwriting fee, while Credit Suisse took a little under 30%, according to sources familiar with the fee structure.

Lyft's public listing on Friday will be a big event for JPMorgan, as the bank celebrates its most high-profile lead left IPO in tech.

Lyft has been closely-guarded with the economics of its IPO, which priced Thursday at $72 per share and gave the company a $21 billion valuation. The most recent version of its S-1, filed publicly on Wednesday, left blank spaces in the area that discloses underwriting fees.

Sources familiar with the process said that the two lead banks JPMorgan and Credit Suisse had similar economics on the deal. The percentage of the underwriting fees then quickly dwindles down in size for the remaining 27 underwriters.

JPMorgan will take a little over 30% in of the IPO fees, while Credit Suisse will take a little under 30%, sources told Business Insider.

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Meanwhile Jefferies, occupying the third spot on the line up, will take around 11% of the fees, the people said, while UBS will earn around 6% of the fees.

The fee structure is somewhat new in a world where lead left banks - often times either Goldman Sachs and Morgan Stanley - take a full 50% of the fees in exchange for the largest role in the IPO.

Though JPMorgan won the top slot, Credit Suisse has maintained a close relationship with Lyft for the last few years, which worked with them even when other banks shied away out of fear on harming their relationships with Lyft's larger competitor Uber, the Wall Street Journal reported Thursday.

At Lyft's roadshow meeting in New York City last week, Lyft's president and cofounder John Zimmer thanked Credit Suisse's team for its loyalty, according to the report.

In recent years, JPMorgan has also pushed for equal economics in IPOs where it is listed second next to Morgan Stanley or Goldman Sachs, according to CNBC. Of the 11 tech IPOs with equal economics in 2018, JPMorgan was involved in six of them, JPMorgan told CNBC in November.

JPMorgan and Credit Suisse declined to comment. Jefferies and UBS did not immediately respond to a request for comment.