By Joey Gardiner, 21 March 2000 11:45
NEWS Lastminute.com's share price has fallen below its offer level despite the company announcing a pan-European alliance with AOL. Shares slipped to 355p in early trading today after being offered at 380p at the time of its IPO last week. Today's share price values the company at around £530m. It peaked at almost £800m on its first day of trading. Lastminute.com's deal with AOL will see it integrate its services with the media giant's European arm. The deal will see the online travel retailer become a preferred partner for the shopping and travel channels for AOL in the UK, France and Germany. AOL will also incorporate links to Lastminute.com's site for news of updated offers. AOL Europe claims to reach 3.8 million users through its various brands, including CompuServe and Netscape Online.
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