FTSE Russell to Revisit Voting Power One Year After Snap IPO

Index compiler FTSE Russell is taking another look at how much of a voice ordinary shareholders should get one year after Snapchat Inc. sold voteless shares in its $3.4 billion initial public offering.

The London-based firm was the first of its indexing peers to bar stocks that don’t give shareholders at least 5 percent of voting power from benchmarks like the Russell 3000 index. It could revise that threshold soon.

“We will be reviewing it this summer,” FTSE Russell’s CEO Mark Makepeace said March 13 at a Council of Institutional Investors (CII) conference in Washington. He said the firm plans ...