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

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

By
Bobby V. Reddy (Author)  

Hardback

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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'. Worked examples or Exercises
Bobby Reddy teaches Company Law and Corporate Governance at the University of Cambridge, and is a Fellow of the Cambridge Endowment for Research in Finance and a Fellow of Churchill College. He is a former corporate partner at the global law firm Latham & Watkins LLP and was a director and trustee of the charitable corporate governance think-tank Tomorrow's Company.
  • Contributor: Bobby V. Reddy
  • Imprint: Cambridge University Press
  • ISBN13: 9781108839358
  • Number of Pages: 458
  • Packaged Dimensions: 158x235x30mm
  • Packaged Weight: 860
  • Format: Hardback
  • Publisher: Cambridge University Press
  • Release Date: 2021-11-11
  • Series: International Corporate Law and Financial Market Regulation
  • Binding: Hardback
  • Biography: Bobby Reddy teaches Company Law and Corporate Governance at the University of Cambridge, and is a Fellow of the Cambridge Endowment for Research in Finance and a Fellow of Churchill College. He is a former corporate partner at the global law firm Latham & Watkins LLP and was a director and trustee of the charitable corporate governance think-tank Tomorrow's Company.

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