Quote:
Originally posted by FlyingIguana
do you know what you're talking about is the question? they sold less shares at a much lower price because investment bankers weren't selling the stock like they should have been.
now other companies won't bother with the dutch auction.
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goog had several goals in mind with the dutch auction and they achieved those.
the goog ipo failure myth was perpetuated by wall street because goog adopted the don't be evil strategy, when the strike price was lowered to 85, the street took advantage since the auction method kept money OUt of their pockets
no failure.
as for other companies never using the auction method, i don't see how u can speak for them
the ipo was a success