Despite optimistic noises about the latest tranche of Nippon Telegraph & Telephone shares to be sold to the public – they were priced yesterday, our Tokyo correspondent reports a less than euphoric reception this time for what has been a rotten performer since its shares were first floated: some large securities houses had yet to […]
Despite optimistic noises about the latest tranche of Nippon Telegraph & Telephone shares to be sold to the public – they were priced yesterday, our Tokyo correspondent reports a less than euphoric reception this time for what has been a rotten performer since its shares were first floated: some large securities houses had yet to find homes for 50% of their underwriting quota by last week, and foreign securities houses have also failed to interest the institutional investors that are the only likely big purchasers.
