Bubble2.0 stock update (June 12) June 12, 2006Posted by fukumimi in IPO, IT, Japan.
It's been a while since we checked back on Drecom and Hikaku.com. In the last few months, the markets have been weak and the Bubble2.0 stocks have been in a virtually permanent slide from the crazy prices posted immediately post-IPO.
Drecom closed today at JPY1.78M, still a crazy PER of 262, and still more than twice the offer price of JPY0.76M.
Hikaku.com closed at JPY0.71M, still considerably above the float price of JPY0.45M.