SINGAPORE (April 17): When the dual-class shares (DCS) structure for Singapore-listed companies was first mooted in 2016, the proposal generated quite a buzz. This came at a time when the Singapore Exchange (SGX), itself suffering from a dearth of major IPOs, was salivating at the prospects of clinching a blockbuster IPO similar to that of Alibaba Group Holding’s listing on the New York Stock Exchange in 2014.

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