Lyft's upcoming initial public offering (IPO) has reignited
the debate on dual-class stock structures, which has been
relatively quiet since fellow unicorn Snap's offering in
The controversial practice is generally favoured by tech
companies helmed by owner-founders, often reluctant to
relinquish significant control - and likewise vilified by
As in the past, a group of pension funds and asset managers
is attempting to persuade Lyft's board to scrap the existing
structure, which would give founders 20 votes each per share,
from its upcoming offering.
Against this backdrop, IFLR wants to know: are dual-class stock structures actually bad
for corporate governance? Or is it much ado about
VOTE IN THE ANONYMOUS QUICK POLL NOW.
To discuss your response further on an entirely anonymous
basis, please contact firstname.lastname@example.org.