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
Date Written: September 18, 2021
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
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