IPOs have been declining in recent years, but it is not clear what is causing the decline. But whatever the reason, it is a situation that is a concern because of its effect on public markets.
Investors demand high standards of governance at public companies, but Snap’s recent listing brings up the question of how far are shareholders willing to chase gains in exchange for their votes?
Snap. Inc. IPO will issue all non-voting shares to investors to reduce or eliminate role of notorious proxy giant ISS.