The revival of dual class shares

Author: IFLR Correspondent | Published: 10 Mar 2020

A number of high profile listings including Facebook, Snap, Alibaba and LinkedIn have thrust dual class shares back into the spotlight. Baker McKenzie lawyers consider the model in various jurisdictions

With household names such as Pinterest, Lyft, Xiaomi, Snap, Alphabet, Facebook, Alibaba and LinkedIn opting for dual class share structures and grabbing media headlines with their blockbuster initial public offerings (IPO) over the past few years, you might be forgiven for thinking that such structures are a relatively recent phenomenon. But dual class share structures, also referred to as weighted voting rights (WVR), have been around since the inception of the corporate form....