( FOX BUSINESS )- The Tokyo Stock Exchange is considering a move that enable companies to list special class shares which carry little or no voting rights, according to reports Wednesday. The special shares, due to be introduced in April, will enable start-ups and other non-public companies to raise capital from the stock market more easily and without the worry of shifting ownership control to investors, the Nikkei News reported Wednesday, without identifying where it got the information.
The new set up will enable companies to list the special class shares without formally listing as a public company and offering common shares. Companies which are already publicly traded will also be able to offer the special shares. The Tokyo Stock Exchange will release the findings of a panel tasked to study the issue Friday.