Dual Class Shares

Both practitioners and academics generally have a dim view of dual-class share structures. For example, when Snap Inc.

In the absence of agency conflict and market frictions, it is beneficial to allow greater freedom to firms in their choice of corporate f

IPOs of dual class shares have become popular in the recent decade, following the lead of some technological "superstars", e.g.

Dual-class voting systems have been widely employed in recent initial public offerings by large American tech companies, but have been ro