Talk of Facebook listing after the firm adopts dual stock structure
FACEBOOK has introduced a dual-class stock structure to let existing shareholders maintain voting control.
The decision has been interpreted by some analysts as a signal that the company is planning to go public, a claim denied by the social networking site’s chiefs last night.
Facebook said: “We did introduce a dual-class stock structure because existing shareholders wanted to maintain control over voting on certain issues to help ensure the company can continue to focus on the long term.”
However, Facebook founder Mark Zuckerberg admitted in May that he expected the company to eventually go public. Google implemented a dual-class stock structure before going public in 2004.