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.
Auction bridge Auction bridge The card game auction bridge, the third step in the evolution of the general game of bridge, was developed from straight bridge (i.e. bridge whist) in 1904. The precursor to contract bridge, its predecessors were whist and bridge whist. Auction bridge trick scoring, bonus scoring, and penalty scoring are radically different from contract bridge, and there is no concept of vulnerability in auction bridge. Bidding rules are nearly the same, although in contract bridge bidding many complex artificial bids and bidding systems have evolved. It is not certain to whom auction bridge should be credited. A letter in