SINGAPORE (April 13): Spotify is only the latest in a growing list of internet-related companies that have come to market offering investors the promise of fast growth and eventual profitability, but limited voting rights.
Other loss-making companies with dual-class share (DCS) structures that have been listed recently include cloud storage provider Dropbox, social media app maker Snap and e-commerce clothing retailer Stitch Fix.
Companies with DCS structures are not new, and have always been controversial for the outsized voting rights they confer on a small group of shareholders... (Click here to read the full story)