Googled: how to lose a packet - papers 19 August

The company yesterday was forced to slash 25% off the expected offer price of its initial public offering, one of the biggest business events of the year in the US. Founders of the company created problems giving an interview on the company's prospects when regulations stipulated they should not have, causing delays to Securities and Exchange Commission clearance of the IPO. Big Wall Street banks soured after the decision to use a so-called Dutch Auction to set the price of shares, rather than pay the huge investment banking fees that come with a traditional route to the stockmarket. ...