So now Lastminute is worth £526 million
MSDW ups pricing range
What a difference eight days makes. Morgan Stanley Dean Witter has settled on a new indicative IPO pricing for Lastminute.com, ranging from 320p to 380p per share. At the mid-price this values Lastminute at £526 million. On March 1, MSDW announced Lastminute's pricing range would be 190p to 230p, valuing it at £414 million at the mid-price. On Sunday (Mar 5), several national newspapers cautioned readers against the speculation bubble around Lastminute.com: the new pricing shows that retail investors are ignoring the warning. Just goes to show that you can't keep a good IPO down. ®
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