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Google's IPO Trading Defies Dutch Auction Logic?

Posted by CowboyNeal on from the opening-day-hijinks dept.

TopShelf writes "Today's first-day trading gains for Google may not have just been the result of ambitious day-traders. This story from CBS Marketwatch alleges that Google deliberately set the $85 IPO price well below the true clearing price of their Dutch Auction, and issued fewer shares than expected, perhaps with the intent of limiting supply and assuring themselves a nice runup during the first trading day. In the story's informal survey, winning bidders only received 75% of the shares they should have."

4 of 349 comments (clear)

  1. Google ad by sparcnut · · Score: 4, Funny

    I find it ironic that the Google context-sensitive ad for this article is about making your website a "revenue generator"...

    --
    perl -e 'print $i=pack(c5, (41*2), sqrt(7056), (unpack(c,H)-2), oct(115), 10);'
  2. Sign of the devil by SlashdotMeNow · · Score: 5, Funny

    19.8 million shares * $85 = 1.666 billion. Yep that's right: 666. What happened to 'Don't be evil'?

  3. Note to self: by raehl · · Score: 4, Funny

    Invade Canada.

    --
    paintball
    1. Re:Note to self: by king-manic · · Score: 4, Funny

      Invade Canada.

      You tried twice already. Both time we kicked your ass despite supurior forces. Try it again and we'll burn down your white house again. Our um... super lumber jacks and err.. war mooses will ravage your punny national gaurd.

      --
      "There are more things in heaven and earth, Horatio, than are dreamt of in your philosophy."