Replies to post #24435 on Houmu Holdings Ltd (HOMU)

[Imagineer66]

Well, SNAP must have violated whatever rule or law you reference.

Let's quote from Harvard Law:

Snap Inc.’s IPO [on March 2, 2017], featuring public shares with no voting rights, appears to be the first no-vote listing at IPO on a U.S. exchange since the New York Stock Exchange (NYSE) in 1940 generally (my emphasis) barred multi-class common stock structures with differential voting rights.

SNAP and the Rise of No-Vote Common Shares