Royal Mail share price rises 35% shortly after listing begins

October 11, 2013 Ashleigh Wight


 

Royal Mail began conditional trading on the London Stock Exchange this morning (11 October), with shares rising in value by over a third just an hour and a half into its listing.Share prices began trading at 330p with a market capitalisation of £3.3bn when the listing began at 8am today.  At 9.30am, the share price rose 35% to 447p. The Department for Business, Innovation and Skills revealed that the offer for institutional investors was around 20 times over-subscribed, while the […]




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