NEW: More Than Meets the Eye: Reassessing the Empirical Evidence on U.S. Dual-Class Stock reviews empirical studies of dual-class firms, finding dual-class firms have lower valuations than one-share, one-vote firms, but greater operating performance than one-share, one-vote firms, and that inferior voting stock of dual-class firms earn equal or greater returns than investors in similar one-share, one-vote firms.

Cleary Gottlieb discusses the UK’s consideration of changes to Listing Rules designed to encourage high-growth companies to list on the Premium Segment of the London Stock Exchange catering to dual-class stock structures in London’s Premium Segment and High-growth Companies: Return of the Dual-class Structure?