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Drecom update 2/20 February 20, 2006

Posted by fukumimi in IPO, Japan.

The markets just closed here in Tokyo, and Drecom shares ended the day where they began, at the bottom of the allowed single day price fluctuation range, down JPY1million (-17.79%) at JPY4.62 million, after having dipped above JPY5million during the day’s trading.

That means JPY2billion was wiped off the company’s valuation in one day, but looking on the bright side (if you got a slice of the IPO action), the shares are still worth more than six times the IPO float price….

Stay tuned to see if this blog software/service and search advertising firm’s share prices rebound or if this is the beginning of a slow and painful downwards descent…


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