Quote:
Originally posted by FlyingIguana
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.
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that has nothing to do with the style of ipo and everything to do with an currently oversold tech sector.
goog's withdrawal of shares was due to their going forward with the ipo when they did it, not how they did it.
and for not accounting for 20+ million shares held by employees that goog was forced to offer to buy back