Feeds

Lastminute jumps – but punters get next to no shares

Everyone gets something

  • alert
  • submit to reddit

Internet Security Threat Report 2014

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. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Scrapping the Human Rights Act: What about privacy and freedom of expression?
Justice minister's attack to destroy ability to challenge state
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Hey Brit taxpayers. You just spent £4m on Central London ‘innovation playground’
Catapult me a Mojito, I feel an Digital Innovation coming on
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
EU probes Google’s Android omerta again: Talk now, or else
Spill those Android secrets, or we’ll fine you
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.