Drecom Update 2/17 February 17, 2006Posted by fukumimi in IPO, Japan.
Drecom closed at JPY5.62million, up 2.74%, valuing the company at JPY111.2billion valuing the company at approximately $940million. To reiterate, the company had profits of approx $0.5M on sales of $2M for the year ending March 2005. PER is above 900. Anyone for a $1B cap and PER in 4 digit territory?
Drecom raised just $15million from shares floated at 2000shares@JPY0.76M…