The IPO pop is definitely giving away value to a bunch of well connected investors who have added no value. Facebook solved it by pricing high and using the gre

The IPO pop is definitely giving away value to a bunch of well connected investors who have added no value. Facebook solved it by pricing high and using the greenshoe. Most companies don't seem to have enough leverage to get that and even with Facebook there were plenty of influential people berating them about it. But Google's solution of a dutch auction IPO seems like a more natural solution. To manage the discontinuity of the moment the company starts trading set up the trading book early with the auction and then start trading at a well discovered price. Why hasn't that become standard? Just the gatekeeping of the banks again? Seems like the natural thing to offer next for one of the companies that does markets for still private startups.