Dual Class Stock

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Dual Class Stock

A stock in a publicly-traded company that issues two types of stock. Each stock class has distinct rights attached to it. Generally speaking, dual-class stocks include preferred stock, which carries the right to guaranteed dividends, and common stock, which carries the right to vote in the annual meeting.
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[https://perma.cc/V33L-CX7R] ("Dual class stocks were first
Berger, Dual Class Stock and Private Ordering: A System That Works,
Xiaomi, which will be listed on the Hong Kong bourse this year, is also scheduled to be under the dual class stocks. Its chairman will have more than half of the voting rights despite holding a 31.4 percent stake, which will protect him from interventions by hedge funds.
Tracking stocks differ from dual class stocks. With the latter, a company sells two or more classes of stock for the parent company.