The rise of dual-class stock IPOsDhruv Aggarwal aOfer Eldar bYael V. Hochberg cLubomir P. Litov d
The Rise of Dual-Class Stock IPOs J. Financ. Econ. (2022) T. Bates et al. Board classification and managerial entrenchment: evidence from the market for corporate control J. Financ. Econ. (2008) S. Bhojraj et al. Takeover defenses: entrenchment and efficiency J. Account. Econ. (2017) ...
2022. The rise of dual-class stock IPOs. Journal of Financial Economics 144(1):122–153. Alphabet. 2024. Notice of 2023 annual meeting of stockholders and proxy statement. US Securities and Exchange Commission. https://www.sec.gov/Archives/edgar/data/1652044/000130817922000262/lgoog2022_def14a...
On September 29, 2022, Leapmotor debuted on the Hong Kong Stock Exchange, becoming the fourth NEV startup listed after XPENG, Li Auto, and NIO. This was also the largest IPO on the Hong Kong exchange that year, raising a net amount of 6.06 billion HKD. Leading up to the IPO, Leapmoto...
The use of dual-class stock is not new and has been used frequently to ensure that the founders of technology companies can retain enough control to ensure that their vision is implemented and to encourage long term thinking. In fact, Google implemented a dual class voting structure when the ...
Two Trades for Today: A mid-cap private bank for over 7% rise, a mid-cap fertilizer stock for almost 7% gain Stock Radar: IGL breaks out from downward sloping channel; stock is still down 27% from high – what should investors do? Stock Report PlusPotential Upside: Top 10+ blue chip ...
Japan has the high stock of technological and natural-capital endowments needed to turn these net-zero challenges into investment opportunities and is well on the way to decarbonizing its economy. The country ...
public companies use different share classes to delegate control. For example, Ford (F) has a small percentage of shares with super-voting rights but gives Henry Ford’s heirs control of 40% of the votes. The company's shareholders voted down a proposal to eliminate thedual-class stock ...
A rise in the company’s value, measured by the price of its Investor Stock. Development goals, such as release of products. Financial measures like revenue and/or profit. The eventual acquisition price, if applicable. Measures of social good, if relevant. ...
Many IPOs involve companies that are going through a transitory phase in their stage of growth and development; this, further brings out uncertainties regarding the future prospects of the company. IPO goes way back to 1602 when the Dutch East India Company issued its stock and bonds to the ...