Second-Class Investor Citizens: Facebookâs IPO and Dual-Class Equity Structures
Gust
MAY 24, 2012
As a quick review, most startups begin life as corporations with a single class of equity securities, referred to as Common Stock , issued to founders, employees, and outside service providers. In the case of an acquisition, the shares are tendered for cash and/or stock in the acquiring company.).
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