Quote:
Originally posted by sltr
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
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if it was such a success why did they pull back the number of shares being sold? you wanna know why? because they realized they weren't gonna get what they thought they would. they fucked up.