For my curiosity: Is there any mathematically optimal algorithm for doing an open initial offering? Some sort of auction I guess where at the end there’s just

For my curiosity: Is there any mathematically optimal algorithm for doing an open initial offering? Some sort of auction I guess where at the end there’s just one price and 100% of shares are sold? I know Google did a Dutch auction... is that considered the state or the art? Are there variations that wouldn’t have the same problem? I suspect ICOs have done all manner of experimentation here.