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, 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 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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