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Flotation ahoy for Lastminute.com

£400m value expected

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Lastminute.com is to go public next year, according to the FT, in a move that could value the company at more than £400 million. The big pink one said the last minute bargain Web site will appoint Morgan Stanley Dean Witter as its adviser and that the offer will take place within the next nine months. No one at Lastminute.com was available for comment at press time but if it's in the FT then it must be true. Lastminute.com -- which makes its money by earning commission on the items its sells -- expects to generate £10 million in revenue this year. ® For more ker-ching tune into Cash Register and turn on to our daily Net Finance News

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