Snap’s recent IPO convinces me there’s much more room for “innovation” on shareholder rights. SNAP shares are entirely non-voting and there’s simply no way for the interested public to get their hands on voting shares. That’s bold, but there’s so much more we can do!
For example, let’s IPO a company whose shares actively grant the company voting rights in the shareholder’s future personal decision making. I mean, I bet the whiz-kids at Snapchat haven’t thought of that!
Given how much SNAP shares are worth, it’s pretty clear that shareholder rights aren’t highly valued when the property is hot. I hope someone has the huevos rancheros to push it far.