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still an incredible valuation, good article on the subject from our chums at fool.co.uk highlighting the real winners (and losers), makes you realise now why a roadshow was needed to suck so many shrimp/chump private punters into the frame: <_<

http://www.fool.co.uk/news/investing/inves...-like-ipos.aspx

Apologies for bumping this, thought it may be of interest, shares have fallen back a bit further today even before the official trading begins on the 31st July. Will the shares be dumped on THE day? :unsure:

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It's Lastminute.com all over again :lol:

there are obvious parallels, however, I reckon LMN have gone on to build a credible sustainable business that despite the influx of competitors over the last 8 years or so has kept profitable. They've been through 'the wash' of a stock market collapse and come out with a revised realistic valuation. Just never got the crazy valuation of moneysupermarket, to me its a 300mil company, but at that valuation it would never have got floated 'cos the masters of the universe wouldn't have made enough to make it interesting. This one is all about sentiment, I'd expect the shares to trade around 100p inside a year.

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there are obvious parallels, however, I reckon LMN have gone on to build a credible sustainable business that despite the influx of competitors over the last 8 years or so has kept profitable. They've been through 'the wash' of a stock market collapse and come out with a revised realistic valuation. Just never got the crazy valuation of moneysupermarket, to me its a 300mil company, but at that valuation it would never have got floated 'cos the masters of the universe wouldn't have made enough to make it interesting. This one is all about sentiment, I'd expect the shares to trade around 100p inside a year.

The lastminute comment was more a reference to what followed afterwards with the rest of the dot com sector, it seems like a fitting omen. It may become apparent that that was just a dummy run, for what we seem to be heading into looks more like the coca-cola* of financial meltdowns. This is like the second coming of the internet bubble, look at Amazon for instance it has taken them 6 or 7 years to fulfill their potential and the shares have more than trebled inside a year. Of course the moneysupermarket thing is more about taking advantage of all the liquidity that is sloshing around at the moment, as with LMN they are raising cash which will probably see them through the next few years assuming they don't burn through it on charlie'n'champers. The omens are all around with the smart money from the likes of Foxtons and Blair bailing out at the top leaving some other sorry fcuker to carry the can.

*the real thing :blink:

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Well, the Fool must have changed it's tune since getting the market wrong for eight years.

If investment bankers are such baddies how about the good Dr. Berger or Bruce (I'll never sell, never) Richardson, former 'managing editor'?

These guys did nothing but boost dotcom shares right up until, and beyond, the crash. It was a disgrace and I hope Berger had to return to medicine for his sins.

They lost an awful lot of money for an awful lot of people. Investment banks serve a function by making it possible for smaller companies to access capital markets. What's bad about that? Maybe they should do it for free, like the Fool would if they knew how?

There's a lot wrong with our system but the Fool trying to criticize investment banks for placing IPOs?

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