Exact(28)
It is expected to fetch as much as $20 billion, valuing the firm at $150 billion or more.
At one point they were trading at $5.60, valuing the firm over 70% below its listing price in November 2011.
Intesa Sanpaolo, Italy's biggest bank, recently paid €100m for a 5% stake, valuing the firm at €2 billion.
It makes valuing the firm a bit easier by enabling a better sum-of-the-parts analysis than was previously possible.
Shares in the newly privatised company, which started trading today, closed 38 per cent higher than the Government's offer price of 330p, valuing the firm at £3.3bn.
That led to a bounce in Nikko's shares and Citigroup had to raise its offer, valuing the firm at $13.4 billion.
Similar(32)
Yahoo's investment valued the firm at $200 million.
The offering valued the firm at nearly $1.3 billion.
The offering could value the firm at about $10 billion.
They now value the firm at around 40% less.
The offer, which could value the firm at £500m, comes after the nationalisation of its east coast rail franchise.
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