Disappearing votes: why investors should steer clear of Snapchat's dual-class shares
- Written by Mark Humphery-Jenner, Associate Professor of Finance, UNSW Australia
Snapchat's dual-class shares could leave a bad tasteShutterstockSnapchat’s parent company (Snap) is preparing for an intial public offering (IPO). But it seems that ordinary shareholders will not have voting rights. Shares in the newly public Snap will either be dual-class or multi-class.
A dual-class structure creates two classes of shares,...
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