Dual-class stock structures are on the rise as
Silicon Valley’s brightest and best reach IPO
stage. Critics argue the practice undermines public
Are dual-class stock structures
bad for corporate governance?
|IFLR publishes its
monthly poll question on iflr.com and Linkedin group page
Throughout the month, IFLR’s editorial team
gather the responses and interview selected respondents.
The next poll is online now.
Cutting-edge technology, young founders, a Silicon
Valley zip code: many of the so-called unicorns currently
working towards going public have a lot in common. Another
commonality – perhaps one more relevant for IFLR
readers – is the penchant so many of these companies
appear to have for the dual-class stock structure.
Although they've existed since the 19th century, dual-class
shares truly entered the industry lexicon following Google
parent company Alphabet's initial public offering (IPO) in
2004. Roughly 20% of US tech firms that...