Feeds

250,000 flock to register for Lastminute shares

Boom times

  • alert
  • submit to reddit

High performance access to file storage

Up to 250,000 investors have flocked to sign up for shares in lastminute.com The online retailer's shares, due to start trading tomorrow, are believed to be at least 20 times oversubscribed. Sponsors and backers of the float are reported to be preparing themselves for the backlash when allocations fail to meet expectations. Applications, which could only be made through the company's Website and closed on Friday, flooded in from small and institutional investors from both sides of the Atlantic. The stampede to get a piece of lastminute means there is around £2.3 billion on offer for £115 million worth of shares. City bookie Financial Spreads is predicting the share price will close at 590 pence on Tuesday – way higher than the official 350 pence. This would value Lastminute at £900 million – almost as much as Manchester United. ® See also So now Lastminute is worth £526 million Nearlylastminute.com consults lawyers over Sun article

High performance access to file storage

More from The Register

next story
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
France bans managers from contacting workers outside business hours
«Email? Mais non ... il est plus tard que six heures du soir!»
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
HP ArcSight ESM solution helps Finansbank
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.