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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."

12 of 349 comments (clear)

  1. FP by Anonymous Coward · · Score: -1, Offtopic

    This is the first post. Yes.

    1. Re:FP by Anonymous Coward · · Score: -1, Offtopic

      It's not the FP you idiot! America will conquer the world.

  2. tribbbbi by Anonymous Coward · · Score: -1, Offtopic

    one?

  3. FP by Anonymous Coward · · Score: -1, Offtopic

    I'm from Holland, isn't that weird?

  4. FIRST! by Anonymous Coward · · Score: -1, Offtopic

    FIRST!

  5. MY GIRLFRIEND DEFIES PUSSY LOGIC by Anonymous Coward · · Score: -1, Offtopic

    Japanese pussy is an unforgiving friend.

  6. ACK by mcc · · Score: 0, Offtopic

    I have met the dangerous 208-year old uncle of Dr. Octagon, Mr. Gerbik!!!

    --
    Irritable, left-wing and possibly humorous bumper stickers and t-shirts
  7. CowboyNeal Going Bonkers! by p0 · · Score: -1, Offtopic

    5 consecutive stories already? Dude, whatcha on today?

    --
    This is my sig. There are thousands more, but this one is mine.
  8. First posT by Anonymous Coward · · Score: -1, Offtopic

    roots and gets on Do, Or indeed what

  9. plus 4, Trol7) by Anonymous Coward · · Score: -1, Offtopic

    while, 7he project

  10. Re:Boycott CowboyNeal: He hates Linux by Sipos · · Score: 0, Offtopic
    What are you on about? Who cares if CowboyNeal prefers Mac OS X to Linux? Thousands of other Mac users do (I say thousands not millions because the rest of the Mac users haven't used Linux so have no valid opinion on the subject). I am a Linux user (except the odd game which I am forced to use Windows for) but from my limited experience Mac OS X doesn't seem bad and if I had a Mac to run it on I would give it a try.

    Now if he preferred windows clearly that would be a different matter altogether.

  11. Tell your wife I said hi by Anonymous Coward · · Score: 0, Offtopic

    ... oh sorry, I must have read "life" wrong :)