Securities & public companies partner Thomas Holden (San Francisco) was quoted in a Jan. 30 Law360 article on high-profile internet company Snap Inc.’s anticipated initial public offering (IPO) plans to sell solely nonvoting shares to the public, representing a departure from current multi-class stock arrangements. Mr. Holden notes that assuming Snap’s IPO prices well and goes off smoothly, other firms may do the same, but he doubts that nonvoting shares will become a common IPO feature and will be limited to IPOs with the most leverage.
Stay Up To Date with Ropes & Gray
Ropes & Gray attorneys provide timely analysis on legal developments, court decisions and changes in legislation and regulations.
Stay in the loop with all things Ropes & Gray, and find our more about our people, culture, initiatives and everything that’s happening.
We regularly notify our clients and contacts of significant legal developments, news, webinars and teleconferences that affect their industries.