Rush to buy Royal Mail shares on flotation day

2013-10-11 22

Questions are already being asked in Britain about the Royal Mail privatisation, where shares soared as soon as the 350 year-old institution was put on sale on Friday.

The government is under fire for pricing the shares too low, as demand far exceeded supply. A quarter of all the shares issued were traded in the first few hours, during which they gained well over 30%.

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