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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."

2 of 349 comments (clear)

  1. Well.. by Anonymous Coward · · Score: -1, Redundant

    Well thats why they call it a dutch auction

  2. Re:Um. by Anonymous+Writer · · Score: -1, Redundant

    I think about the only thing to take away here is "no one fucking understands the stock market, and anyone who claims otherwise is selling something".

    What is this "stock market" thing you speak of?