000			03032nam a2200397 i 4500
001			CR9781108989893
003			UkCbUP
005			20240909184359.0
006			m|||||o||d||||||||
007			cr||||||||||||
008			200918s2021||||enk o ||1 0|eng|d
020			_a9781108989893 (ebook)
020			_z9781108839358 (hardback)
020			_z9781108970624 (paperback)
040			_aUkCbUP _beng _erda _cUkCbUP
050	0	0	_aKD2100 _b.R43 2021
082	0	0	_a346.41/0666 _223
100	1		_aReddy, Bobby V., _eauthor.
245	1	0	_aFounders without limits : _bdual-class stock and the premium tier of the London Stock Exchange / _cBobby V. Reddy, University of Cambridge.
264		1	_aCambridge : _bCambridge University Press, _c2021.
300			_a1 online resource (xxviii, 457 pages) : _bdigital, PDF file(s).
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_aonline resource _bcr _2rdacarrier
490	1		_aInternational corporate law and financial market regulation
500			_aTitle from publisher's bibliographic system (viewed on 29 Oct 2021).
505	0		_aIntroduction -- The cult of dual-class stock in the era of big tech -- A tale of two cities and beyond -- First among equals? : other methods of creating a divergence between voting and cash-flow rights -- Shareholder democracy and corporate purpose -- From controlling shareholders to dual-class stock -- Theoretical benefits and detriments of dual-class stock -- The empirical evidence on dual-class stock -- The existing constraints -- A balanced protection package for inferior-voting shareholders.
520			_aBig 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'.
650		0	_aStockholders _xLegal status, laws, etc. _zGreat Britain.
650		0	_aCorporate governance _xLaw and legislation _zGreat Britain.
650		0	_aDual class stocks _xLaw and legislation _zGreat Britain.
776	0	8	_iPrint version: _z9781108839358
830		0	_aInternational corporate law and financial market regulation.
856	4	0	_uhttps://doi.org/10.1017/9781108989893
942			_2ddc _cEB
999			_c9981 _d9981