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 Henri Pescarolo had further developed the C60. For 2005, Courage and Pescarolo both released redeveloped versions of the C60 for the new LMP1 regulations; both were designated as C60 Hybrids and used Judd engines. The Pescarolo version retained its Judd GV5 engine, with a claimed power output of , whilst the Courage version used the smaller Judd GV4 engine, and featured a noticeably different rear wing. Courage introduced the new Catone-designed Courage LC70 in 2006 as the C60's replacement. The C60 made its debut at the 2000 Silverstone 500 USA Challenge, when SMG Compétition's Gary Formato and Philippe Gache used