Dutch auction 1994 auction IPO of Japan Tobacco was substantially larger (with proceeds more than double those of Singapore Telecom and triple those of Google), but this auction was discriminatory or pay-what-you-bid, not uniform price or "Dutch". SRECTrade.com uses a two-sided Dutch auction to trade Solar Renewable Energy Credits (SRECs). The introduction of the Dutch auction share repurchase in 1981 gives firms an alternative to the fixed price tender offer when executing a tender offer share repurchase. The first firm to use the Dutch auction was Todd Shipyards. A Dutch auction offer specifies a price range within which the shares are purchased.
Courage C60 C60 on their own, and replaced the Peugeot engines with 5-litre Judd GV5 V10s. In 2005, Courage ran two updated versions of the C60 (known as the C60 Hybrid, and using the Judd GV4 engines) as a factory effort; Pescarolo also updated their C60s into a similar Hybrid format, and took second at the 2005 and 2006 24 Hours of Le Mans, whilst also winning the Le Mans Series in both years. In 2006, the all-new Courage LC70 was introduced by Courage, and Pescarolo introduced their 01 in 2007. In 2000, Courage Compétition introduced the C60 as a clean-sheet replacement