Book contents
- Founders without Limits
- Cambridge University Press
- Founders without Limits
- Copyright page
- Contents
- Figures
- Tables
- Preface
- Acknowledgements
- Table of Cases
- Table of Legislation and Regulation
- Abbreviations
- Introduction
- Part I Putting Dual-Class Stock into Context
- Part II Evaluating Dual-Class Stock
- Part III Formulating a Policy on Dual-Class Stock
- Appendix Comparison of Inferior-Voting Shareholder Protections on Major Dual-Class Stock Exchanges
- Index
Introduction
Published online by Cambridge University Press: 29 October 2021
- Founders without Limits
- Cambridge University Press
- Founders without Limits
- Copyright page
- Contents
- Figures
- Tables
- Preface
- Acknowledgements
- Table of Cases
- Table of Legislation and Regulation
- Abbreviations
- Introduction
- Part I Putting Dual-Class Stock into Context
- Part II Evaluating Dual-Class Stock
- Part III Formulating a Policy on Dual-Class Stock
- Appendix Comparison of Inferior-Voting Shareholder Protections on Major Dual-Class Stock Exchanges
- Index
Summary
This chapter introduces the reader to the concept of dual-class stock, describing it as a company capital structure that enables a founder to crystallise its investment in the company at IPO, and generate equity funding for growth, while retaining control.This short chapter continues with a brief outline of the target audience, and the structure and contents of the book, before delineating the scope.The scope, as explained in the Introduction, is limited to dual-class stock in the context of publicly listed companies, and where dual-class stock is implemented to allow a controller to retain control with a disproportionately lower level of equity.Finally, the Introduction summarises some of the terminologies used in the book to inform the reader of the common terms and phrases used throughout.
- Type
- Chapter
- Information
- Founders without LimitsDual-Class Stock and the Premium Tier of the London Stock Exchange, pp. 1 - 12Publisher: Cambridge University PressPrint publication year: 2021