Do Investors Vote With Their Feet? Commenting on Deliveroo’s IPO on London Stock Exchange and the Dual-Class Share Structure

(2021) 42 COMPANY LAWYER 332-333

Posted: 11 Nov 2021

See all articles by Lerong Lu

Lerong Lu

The Dickson Poon School of Law, King's College London

Shunqi Yang

The Dickson Poon School of Law, King's College London

Date Written: September 18, 2021

Abstract

This article discusses what accounts for the increasing popularity of the dual-class share structure (DCS) globally, and explains why the Deliveroo’s IPO in London underperformed as it might contravene the Environmental, Social, and Governance (ESG) investing principle.

Keywords: DCS, Dual-class share, London Stock Exchange, Deliveroo, ESG, Listing Rules, Securities Regulation, Capital Markets, Financial Regulation, IPO, initial public offerings

Suggested Citation

Lu, Lerong and Yang, Shunqi, Do Investors Vote With Their Feet? Commenting on Deliveroo’s IPO on London Stock Exchange and the Dual-Class Share Structure (September 18, 2021). (2021) 42 COMPANY LAWYER 332-333, Available at SSRN: https://ssrn.com/abstract=3926106

Lerong Lu (Contact Author)

The Dickson Poon School of Law, King's College London ( email )

Strand
London, WC2R 2LS
United Kingdom

HOME PAGE: http://www.kcl.ac.uk/people/lerong-lu

Shunqi Yang

The Dickson Poon School of Law, King's College London ( email )

Strand
United Kingdom

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