| 单词 | Dutch auction |
| 释义 | Dutch auction Dutch auction noun [C]
1 (Commerce ) a type of auction in which the price of the item being sold is gradually reduced until sb offers to buy it
2 (Commerce ) (also uniform price auction) a way of selling a number of similar items in which people offer to buy a particular number at a particular price. The seller accepts as many of the highest offers as are needed to sell all the items and the selling price is set at the price of the lowest successful offer: The company is selling $1.5 million of bills in a Dutch auction. He believes a Dutch auction achieves fairer results than a traditional IPO.
3 (Finance ) in the US, a method by which a company can buy back shares from its shareholders. Shareholders offer to sell a particular number of shares to the company at a particular price, which they choose from a range of prices that the company sets. The company then accepts as many of the highest offers as are needed to reach the number of shares it wants to sell. The buying price is set at the price of the lowest successful offer. |
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