Start-ups go public to get your money — your input on how it's spent is now optional
The new crackdown on multiple share classes from FTSE Russell and S&P Dow Jones might seem like a much-needed pump on the brakes. But it probably won't matter. Despite a rocky start, founders like Spiegel have good reason to be confident that investors will buy into an IPO. Take Facebook, Google and Berkshire Hathaway: All three companies have special...