Yes, that's the usual case (but not in this case apparently).
If a company has 5 classes of shares (common, A, B, C, D), then it's reasonable to value the company's equity by estimating the value of 1 share of each class, multiplying by the number of shares issued, and summing up these products.
The more common method used by PR folks and journalists is:
[Price at which class D shares were last bought] * [Total number of outstanding common, A, B, C and D shares]
This is incorrect if the rights attached to the different classes are different enough that the values of the shares are different. And that's the usual case.
If a company has 5 classes of shares (common, A, B, C, D), then it's reasonable to value the company's equity by estimating the value of 1 share of each class, multiplying by the number of shares issued, and summing up these products.
The more common method used by PR folks and journalists is:
[Price at which class D shares were last bought] * [Total number of outstanding common, A, B, C and D shares]
This is incorrect if the rights attached to the different classes are different enough that the values of the shares are different. And that's the usual case.