Britain set to price Royal Mail sale at top of range – sourcesReuters UKLONDON (Reuters) – Britain is on track to sell shares in Royal Mail at the top of its range, two sources close to the deal said, valuing the postal service at more than 3 billion pounds on the final day that investors…
Applications for Royal Mail shares from private investors have been up to seven times over- subscribed, the Government has revealed. More: continued here
Royal Mail: More Than 100000 Seek SharesSky NewsWell over 100,000 members of the public applied to buy shares in Royal Mail ahead of last night's deadline, confirming the status of the £3.3bn sell-off as the biggest privatisation for decades. Sky News understands that tens of thousands of people … More: continued here
Royal Mail: City Demand For Shares Tops £30bnSky NewsInstitutional investors have placed more than £30bn of orders for Royal Mail shares as the Government puts the finishing touches to the biggest UK privatisation for decades. Sky News understands that firms from around the world have deluged the … More: continued here
Well over 100,000 members of the public applied to buy shares in Royal Mail ahead of last night's deadline, confirming the status of the £3.3bn sell-off as the biggest privatisation for decades. Sky News … More: continued here
The Independent Royal Mail flotation: Key questions as excitement builds over 'undervalued' sharesThe IndependentShares were initially priced at between 260p and 330p, but the guidance has since been revised to between 300p and 330p, which would value Royal Mail at around £3.3 billion. The final price will be announced on Friday, when "conditional share dealing" ……
The applications, which included one from Canadian chief executive Moya Greene, will receive priority over other small investors wish to buy shares. More: continued here
Telegraph.co.uk Retail investors book profits on 'overhyped' Royal MailTelegraph.co.ukThe price offered by IG Index has fallen on Tuesday from highs of £4.06 yesterday to around £3.88 today. The spread betting firm said it has seen a raft of sellers today, evening out the stampede of buyers that have pushed up the price in recent days….
Questor share tip: What could Royal Mail be worth in two years?Telegraph.co.ukThe flotation of Royal Mail, and valuation thereof, has become detached from reality as a feeding frenzy develops for the shares. With apologies to former Federal Reserve chairman, Alan Greenspan, it has become a prime example of stock market … More: continued here
Royal Mail: Just 368 staff chose not to accept free sharesBBC NewsJust 368 out of the Royal Mail's 150,000 staff have chosen not to accept free shares in the privatised company, the BBC has learned. Latest figures show that 99.75% of staff have accepted the share offer, which will be worth about £2,000. BBC political ……