TheCorporateCounsel.net

It turns out that 2021 wasn’t just a banner year for IPOs, but a banner year for IPOs with dual class capital structures. This analysis covering 1980-2021 dual class IPOs says that nearly 32% of last year’s issuers had at least two classes of stock.  That’s a record, and represents a huge jump from 2020, where only 20% of deals had dual class structures.  Not surprisingly, it’s the tech sector that’s leading the charge – over 46% of 2021’s tech IPOs had these capital structures.

– John Jenkins