Royal Mail to sell off at top of valuation: report

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LONDON (MarketWatch) — Heavy demand for shares in Royal Mail means the U.K. government will likely be able to sell the state-owned postal service at the top end of its estimated price range. It can expect to get between £3.00 and £3.30 ($4.81 and $5.30) a share, institutional investors heard Friday, the Financial Times reported. The new target compares with an initial call of £2.60 to £3.30 and …

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