3 ms·

I guess because Google's Dutch auction was considered a failure.

• btilly 11y ago
  It was only a failure for investment bankers who want to collect the profit of a pop on the IPO.
  • tedmiston 11y ago
    Perhaps a naive question, but how do they benefit from the IPO pop if they are required to hold for a quarter or two?
    • btilly 11y ago
      They benefit because the price of the stock post-pop is a better predictor of the price a quarter or two later than the price of the IPO.