Meaning of “class A/B/C share” in the English Dictionary

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"class A/B/C share" in Business English

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class A/B/C sharenoun [ C, usually plural ]

uk us also A/B/C share FINANCE, STOCK MARKET

one of the types of shares into which a company's common stock is divided, each of which offers shareholders a different voting right, payment amount, etc.:

Class A shares are purchased at the public offering price per share, while Class B shares and Class C shares are purchased at the net asset value per share.

(Definition of “class A/B/C share” from the Cambridge Business English Dictionary © Cambridge University Press)