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Bubble2.0 stock update (June 12) June 12, 2006

Posted by fukumimi in IPO, IT, Japan.
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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.

http://quote.yahoo.co.jp/q?s=3793.t&d=c&k=c3&z=m&h=on

Hikaku.com closed at JPY0.71M, still considerably above the float price of JPY0.45M.

http://quote.yahoo.co.jp/q?s=2477.t&d=c&k=c3&z=m&h=on

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