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After Facebook's IPO flub, value of tech startups falls back to earth

www.theverge.com

Check out this article from CNN back in August 2004 and the GOOG IPO troubles. The market just opens and the issuing companies sell their stock directly to the market. No privileged allocations handed out at a guesstimated ‘issue price’, no closed roadshows for the privileged few, no private briefings for the fat cats.

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