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IIRC Google's IPO did some sort of auction. But I don't know if it was available to regular folks or not, or how it turned out in the end.
by sbov 10y ago
IIRC Google's IPO did some sort of auction. But I don't know if it was available to regular folks or not, or how it turned out in the end.
- srtjstjsj 10y agoIt was bad for Google and the investment banks, good for investors. It got an astoundingly low price, in part because banks boycotted the IPO to punish Google for the auction -- share price nearly doubled in the first 2 months, tripled in the first year, and kept growing. http://www.msn.com/en-us/money/stockdetails/history/fi-126.1.GOOGL.NAS http://www.msn.com/en-us/money/stockdetails/history/fi-126.1... https://www.wsj.com/articles/SB109036846726869268 https://www.wsj.com/articles/SB109036846726869268 https://archive.fortune.com/magazines/fortune/fortune_archive/2004/08/23/379378/index.htm https://archive.fortune.com/magazines/fortune/fortune_archiv...