Question
After IPO, Lyft had 270 million Class A shares and 13 million Class B shares outstanding. Class A shares have one vote per share and
After IPO, Lyft had 270 million Class A shares and 13 million Class B shares outstanding. Class A shares have one vote per share and Class B shares have 20 votes per share. Suppose all Class B shares are controlled by insiders. What % of Lyfts voting rights did the insiders control immediately after the IPO?
| 4.6% | ||
| 4.8% | ||
| 49.1% | ||
| 50.9% |
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Public Finance In Canada
Authors: Harvey Rosen, Beverly George Dahlby, Roger Smith, Jean-Francois Wen, Tracy Snoddon
3rd Canadian Edition
0070951659, 978-0070951655
