Sentences with phrase «dual classes of stock»

Not exact matches

The Hong Kong stock exchange has introduced new rules allowing companies with dual - class shareholding structures and biotechnology firms yet to generate revenue to apply for listings from April 30, as it races to stay ahead of competing bourses in Shanghai, New York and Singapore to attract big technology firms and become the world's largest stock exchange.

Jamie Allen of the Asian Corporate Governance Association says the effort to get more big - ticket listings on Hong Kong's stock exchange by allowing dual - class shares has more cons than pros and could set a standard for other countries.

In November 2009, Facebook's board of directors voted to establish a dual - class stock structure, moving the existing shareholders stock from Class A to Class B shares, which carry 10 times the voting pclass stock structure, moving the existing shareholders stock from Class A to Class B shares, which carry 10 times the voting pClass A to Class B shares, which carry 10 times the voting pClass B shares, which carry 10 times the voting power.

Stock market Stronach had little incentive to eliminate its dual - class share structure, which allowed him to control the company despite holding less than 1 % of its equity.

That means that Zynga will no longer be a «controlled company» with a dual class stock structure in which Pincus wields 70 % of the voting power.

The move represents the first big reversal of the controversial dual class stock structure that has been embraced by tech executives from Facebook's Mark Zuckerberg to Snap's Evan Spiegel.

We also drew criticism because of the way we opted to structure our dual - class common stock.

When Facebook staged its initial public offering six years ago, it implemented a dual - class share structure that means Zuckerberg personally controls a majority of the voting stock even though other investors own the majority of the financial value of the company.

By all means, exchanges should give fledgling companies the time they need to mature — by limiting dual classes to the first five years of public ownership, say, or capping the percentage of nonvoting stock.

That shouldn't stop exchanges concerned about their reputations and corporate governance standards from leaning against the fashion — perhaps by limiting dual classes to the first five years of public ownership, or capping nonvoting stock at, say, 25 percent of all shares.

For a description of the dual class structure, see «Description of Capital Stock.»

This truly is a powerful privilege, and one that Zuckerberg has probably made some personal financial sacrifices in order to obtain, since the dual - class structure likely depresses the value of Facebook stock somewhat.

The decision by the Stock Exchange of Hong Kong to allow dual - class shares just one week ago has sparked fierce debate here.

Dual shares, often known as Class A and Class B stock, until recently were out of favor, but they are making a spectacular comeback, especially among technology companies.

Some Reflections on Magna and Dual Class Share Structures Author: Professor Jeffrey G. MacIntosh, Toronto Stock Exchange Professor of Capital Markets, Faculty of Law, University of Toronto, June 17, 2011

The strongest argument against dual class stock rests on conflict of interest grounds.

The increasing use of dual - class stock structure, in which founders can have small ownership percentages, but outsized influence over company decisions via voting rights, has played a role.

Yvan Allaire has a great analysis of Dow Jones» overreaction to Snapchat's IPO and the dual class stock phenomenon in general:» In July 2017, Dow Jones, goaded by the reaction to Snapchat having gone public with a class of shares without voting rights, announced that, after extensive consultation, it had decided to henceforth eliminate companies -LSB-...]

Aleph Investments generally will vote against proposals to move the company to another state less favorable to shareholders interests, or to restructure classes of stock in such a way as to benefit one class of shareholders at the expense of another, such as dual classes (A and B shares) of stock.

A dual - class stock option is pretty popular among companies that want the advantages of being a publicly traded company, but don't want to give up ownership of the company.