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Technology Stocks : Alphabet Inc. (Google) -- Ignore unavailable to you. Want to Upgrade?


To: bcrafty who wrote (121)4/29/2004 3:17:58 PM
From: ~digs  Read Replies (1) | Respond to of 15851
 
If Google insiders sell, should you buy?
cbs.marketwatch.com

Herb Greenberg: Could it be that Google's innovative auction process for its IPO is really a veiled way for insiders to cash out on the deal?



To: bcrafty who wrote (121)4/29/2004 3:18:30 PM
From: GVTucker  Read Replies (1) | Respond to of 15851
 
The S-1 basically describes a Dutch auction. If John Q. Public bids a higher price than Fidelity, John Q. Public gets filled first.



To: bcrafty who wrote (121)4/30/2004 3:14:23 PM
From: AmericanVoter  Respond to of 15851
 
bcrafty, a dutch auction sells all allotted shares at the highest possible bid price... not the absolute highest bid price...

meaning, if 1MM shares are allocated for the Dutch auction, all bids will be tabulated and the price that ensures that all 1MM shares are sold becomes the clearing bid price... in this case, there will be higher bids than the clearing bid, and they will get filled at the clearing bid... the bids lower than the clearing bid will not get filled...

hope that clarifies it somewhat...

regards
amein