Feeds

Lastminute jumps – but punters get next to no shares

Everyone gets something

  • alert
  • submit to reddit

Mobile application security vulnerability report

Lastminute shares jumped 40 per cent this morning in hectic first day trading, taking its market cap comfortably above the £1bn mark. But there is going to be an awful lot of disappointed would-be investors. In an effort to keep everyone happy (but sure to please no-one) Morgan Stanley Dean Witter has decided to dish out shares to all 200,000+plus people who applied for the IPO. Twenty per cent of the share offering -- around 6.6 million shares -- is reserved for the public, so that means around 35 shares each, worth less than £150 at the issue price. It is simply not worth the hassle to deal in such a puny amount -- dealing costs will take out a hefty chunk of any profit on the shares. The alternative -- a ballot for a meaningful number of shares was rejected by MSDW. However, the investment bank has headed off a potential PR disaster: Lastminute will repay with interest money received for shares not satisfied in the IPO. ®

The Power of One Brief: Top reasons to choose HP BladeSystem

More from The Register

next story
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.