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This is strange. I thought the new ticker would appeal less attractive to investors as it does not have any voting rights but it is more expensive than the old
by mandeepj 11y ago
This is strange. I thought the new ticker would appeal less attractive to investors as it does not have any voting rights but it is more expensive than the old ticker. Does it have to do anything with volume of shares for that ticker?
Thanks to everyone for responding so kindly and quickly to my queries.
- spectrum1234 11y agoHint: they are very highly correlated fundamentally.
- toast0 11y agoNo voting rights is less attractive, but insiders hold another class of shares with ten votes per share, so that the insiders have a majority on all normal[1] votes, so the common stock voting doesn't really matter, and is not like to matter soon. [1] some elections may have statutory requirements that a majority of each stock class vote in favor, such as tender offers, etc.
- lindil 11y agoThe voting rights moved from the old goog to the new googl. Voting shares do cost more now. But voting shares don't matter, Page Bring Schmidt hold a majority of votes via a third class of stock.