Small investors set for instant profit as Royal Mail floats on stock market
Benjamin RussellThe shares will not be listed officially until next Tuesday, but conditional trading started at 8am this morning.
Initial share prices have been set at 330p, giving Royal Mail a market value of £3.3billion.
Analysts are predicted the value of the shares will shoot straight up to around 400p, resulting in a profit of £158 for the 690,000 members of the public have been awarded £750 worth of shares.
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"Small investors set for instant profit as Royal Mail floats on stock market", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), novembre 2013. Consulté le 29/02/2024. URL: https://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/small-investors-set-for-instant-profit-as-royal-mail-floats-on-stock-market