3 ms·
Google's IPO auction famously just scraped the low-end of its estimate (after the range was revised down). It "popped" 18% on its first day of trading which - a
by beejiu 9y ago
Google's IPO auction famously just scraped the low-end of its estimate (after the range was revised down). It "popped" 18% on its first day of trading which - at very best - shows that dutch auction is no better than underwriting.
" The offer price of $85 was well below initial expectations"
(https://www.vcexperts.com/buzz_articles/252 https://www.vcexperts.com/buzz_articles/252)
- dlubarov 9y agoAccording to https://www.iposcoop.com/the-ipo-buzz-a-dirty-dutch-auction/ https://www.iposcoop.com/the-ipo-buzz-a-dirty-dutch-auction/ "the mean average of all 21 [auction IPO] opening-day gain[s] was 1.25 percent". So it seems like Google was an anomaly, but Dutch IPOs in general are not leaving much money on the table compared to traditional IPOs.