2 posts and columns on Dutch auction

CEO: SecondMarket Is a Return to Old-Fashioned Investing

in Social on November 9, 2010 at 5:01 am PT

Today’s stock markets have “a casino-type mentality” driven by factors like the rise of automated trading and shorter-term average holding periods. People don’t take the time to do research and really get to know a company before they invest in it, in the opinion of SecondMarket founder and CEO Barry Silbert. He thinks SecondMarket–best known for its facilitation of trading of private tech company stock–is a way to bring back a human touch. SecondMarket doesn’t necessarily replace an IPO. But for companies like Facebook, LinkedIn and eSolar, SecondMarket trading slots into a pre-IPO dead zone driven by the longer average time to a public offering–now something like 8.8 years.

Extreme Networks Jumps on $100 Million Self-Tender

in News on August 11, 2008 at 7:00 am PT

Extreme Networks (EXTR) shares are on the rise this morning after the company announced plans to buy back $100 million of its common stock at a price between $3.30 to $3.70 a share in a “modified Dutch auction” tender offer that will start today and expire Sept. 12.