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Business, Finance & Law      Professional Finance

Founders without Limits: Dual-Class Stock and the Premium Tier of the London Stock Exchange (International Corporate Law and Financial Market Regulation)

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Book Details
Language
English
Publishers
Cambridge University Press (18 April 2024)
Weight
0.64 KG
Publication Date
18/04/2024
ISBN-10
1108970621
Pages
486 pages
ISBN-13
9781108970624
Dimensions
15.24 x 2.79 x 22.86 cm
SKU
9781108970624
Author Name
V. Reddy (Author)
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Big Tech has flourished on the US public markets in recent years with numerous blue-chip IPOs, from Google and Facebook, to new kids on the block such as Snap, Zoom, and Airbnb. A key trend is the burgeoning use of dual-class stock.

Dual-class stock enables founders to divest of equity and generate finance for growth through an IPO, without losing the control they desire to pursue their long-term, market-disrupting visions. Bobby Reddy scrutinises the global history of dual-class stock, evaluates the conceptual and empirical evidence on dual-class stock, and assesses the approach of the London Stock Exchange and ongoing UK regulatory reforms to dual-class stock.

A policy roadmap is presented that optimally supports the adoption of dual-class stock while still protecting against its potential abuses, which will more effectively attract high-growth, innovative companies to the UK equity markets, boost the economy, and unleash the true potential of 'founders without limits'. .

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