Royal Mail listed shares rose 38%

Royal Mail Group in October 11th completed IPO on the London Stock Exchange (IPO). Listed on the first day of eye-catching performance, as of the close, the group's share price of 4.55 pounds, 38% listed price rose a £ 3.3.
The Royal Mail has 360 years history of postal operations listed, is split and privatization implementation since the last century 90's British railway company, the biggest state-owned asset privatization plan of British government.
Royal Mail listed first show the excellent performance, its shares closed after rising sharply, investors buying demand is very strong. Disk, the group shares rose to about £ 4.6 a share. According to Bloomberg data compiled, the Royal Mail the achievements since April in Europe since 2011, the largest ipo.
However, due to the Royal Mail is also listed on the first day of the sharp rise, some people think that the government of the group of stock IPO price level is too low, the government can improve the pricing, to lock in more revenue. Britain's lower house of Parliament, members of the business innovation and Technology Committee Katie Clark said, the government has been repeatedly reminded, that Royal Mail IPO pricing too low.
The British Minister of Commerce Cable said, in the prospectus in the process, the government intends to royal mail to long-term holders of shares to shareholders, for example, about 90% of publicly traded equity is allocated to the pension fund and the life-insurance company, only 10% of the shares sold to hedge funds with other institutional investors.
MYEX Minya Express International
2013-10-15