LMCK shares have no voting power while LMCA shares do. In theory, LMCA shares are worth more than LMCK shares and should therefore trade at a premium. Right now, the opposite is true.
Class A: Ticker symbol LMCA.
Class B: Ticker symbol LMCB. These shares have the most voting power. These shares are highly illiquid.
Class C: Ticker symbol LMCK. Non-voting.
In theory, you can arbitrage these shares by shorting LMCK and going long LMCA. I would not recommend that particular trade because I’m not a fan of share class arbitrage in general. But if you enjoy risky arbitrage trades that may take years to work out, there are better share class arbitrage opportunities out there. For example, the spread is dramatically higher with LEN and LEN.B (18.7% versus 0.6%).
