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Royal Mail’s Nightmare: A Booming IPO – Bloomberg

Bloomberg Royal Mail's Nightmare: A Booming IPOBloombergThis week the deadline ended for investors to buy shares in the privatization of the U.K.'s Royal Mail, the 500-year-old postal service that even former Prime Minister Margaret Thatcher didn't dare sell. A public uproar might be in the cards as well …Privatised Royal …

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Royal Mail retail offer gets 700000 applications – Financial Times

Royal Mail retail offer gets 700000 applicationsFinancial TimesVince Cable said on Wednesday there had been 700,000 individual retail applications for Royal Mail shares – which were seven times oversubscribed – and was confident they had been “priced in the right place”. Asked about the likely premium when the … More: continued …

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British public flock to Royal Mail share offer – Reuters UK

British public flock to Royal Mail share offerReuters UKLONDON (Reuters) – Private investors have rushed to buy shares in Britain's Royal Mail, with the government estimating it had received 700,000 applications from members of the public for the country's largest and most controversial privatisation in … More: continued here

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Royal Mail flotation: MPs voice fresh concern over controversial privatisation – The Independent

The Independent Royal Mail flotation: MPs voice fresh concern over controversial privatisationThe IndependentMPs have voiced fresh concern that the Government's controversial privatisation of the Royal Mail will be “highly lucrative” for speculators, hedge funds and investment banks rather than the public. An Early Day Motion has been tabled in Parliament …

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Royal Mail shares – what happens next – The Guardian

The Guardian Royal Mail shares – what happens nextThe GuardianThe door closed on applications for Royal Mail shares at midnight on Tuesday. Early indications are that the offer may have been heavily over-subscribed, with big City and foreign institutions applying for more shares than are available, and … More: continued …

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Royal Mail shares demand outstrips supply – The Guardian

The Guardian Royal Mail shares demand outstrips supplyThe GuardianAll eight of Royal Mail's non-executive directors also turned down the shares. Donald Brydon, the chairman, said it would be inappropriate for them to benefit from a scheme designed to benefit hard-working frontline employees. However, Moya Greene … More: continued here

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