Tried to buy Royal Mail shares? See how many you’ll get after 4.30pm
The Department for Business Innovation & Skills has announced that Royal Mail share allocations and further details will be released after market close. So some time after 4.30pm.
It's all pretty much speculation for now – but two sovereign wealth funds are expected to receive shares, while a fifth have been set aside for individuals, with another 40 per cent reserved for City institutions.
The sale was massively oversubscribed, with more than 700,000 applying for shares.