T. Rowe Price pushes back on Snap’s plans to only sell non-voting shares in its IPO

T. Rowe Price pushes back on Snap’s plans to only sell non-voting shares in its IPO

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T. Rowe Price is pushing back on Snap’s plans to only sell non-voting shares in its IPO

T. Rowe Price, the mutual fund giant that is one of Snap’s biggest backers, has reportedly “quietly and persistently” objected to a plan put forth by the internet company’s founders to only sell non-voting shares when it goes public, according to the Australian Financial Review.

While many tech companies, like Facebook, have remained founder-controlled after a public offering, Snap…


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