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 #: Founders without Limits
Bobby V Reddy
RRP:
NZ$ 173.95
Our Price:
NZ$ 156.56
Hardback
Not defined - 458pg
11 Nov 2021 UK
International import eta 7-19 days
9781108839358
Out Of Stock
Currently no stock in-store, stock is sourced to your order
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' .
' Founders Without Limits is likely to be the definitive work on dual class shares for a generation. It is a superb contribution, written with clarity and wit, which is directly relevant for all public stock markets around the world, at a time when dual class structures are firmly in the policy spotlight. ' James Palmer, Partner, Corporate Lawyer and former Chair, Herbert Smith Freehills ' Bobby Reddy' s Founders Without Limits offers the definitive treatment of an issue that will do much to define the public company' s role in Britain' s corporate economy for decades to come. A thorough treatment of the relevant empirical and comparative evidence provides the platform for timely and persuasive policy recommendations. ' Brian Cheffins, S. J. Berwin Professor of Corporate Law, University of Cambridge ' This is a refreshing book. It transcends the rigid thinking that is often evident in the debate about dual class shares. It displays a sophisticated understanding of the motivations of company founders and the nature of company ownership. Bobby Reddy combines an academic' s rigour with a practitioner' s common sense and a teacher' s flair for memorable illustration. ' Mark Goyder, Founder of Tomorrow' s Company ' Dual-class stock listings of companies are becoming increasingly more attractive to their stakeholders. Bobby Reddy' s book is the authoritative exposition of the legal and regulatory development of dual-class stock listings in the US, the UK and around the world. It is an invaluable reference guide for students, academics and practitioners alike. ' Dr Guy O' Keefe, Partner, Slaughter and May
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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