Royal Mail float

[jamesbrown]

Hehe, how many of those retail investors did not plan to sell it for a quick profit? Govt is tuliping itself to avoid massive share drop at start that would piss off lots of people who wanted a quick buck - that's why they cut off people with £10k+ offers

I wonder about that. Some of the more savvy investors will be considering stagging (many will not), but I'd bet a good proportion of the retail investors are not really investors, just interested in owning some RM shares (there were nearly 100k requesting only £750). In terms of institutional investors, I think they favoured pension funds and other institutions that will be hanging onto the shares long-term.

[SimonMac]

All members of the public who have applied for shares in Royal Mail through the Retail Offer, up to and including applications of £10,000, will receive an allocation of 227 Shares which is equivalent to £749.10 at the Offer Price. This represents almost 95 per cent. of all members of the public who have applied - or over 690,000 people. Those who have applied for shares worth more than £10,000 will not receive an allocation, which is in line with the treatment of larger applications in previous well over-subscribed privatisations.

FE Investegate |Dept Bus InnovSkills Announcements | Dept Bus InnovSkills: Royal Mail - Announcement of Offer Price

Looks like no matter how much upto £10k you are only getting the minimum, good news for anyone who had family members register for them

[mudskipper]

Meh, £750 not worth bothering for.

[SimonMac]

Meh, £750 not worth bothering for.

Yep!

[Platypus]

All members of the public who have applied for shares in Royal Mail through the Retail Offer, up to and including applications of £10,000, will receive an allocation of 227 Shares which is equivalent to £749.10 at the Offer Price

So when do we get the balance of our monies back?

i.e. I applied for £P amount of shares, I'd like back my £P - £749.10 please

[mudskipper]

So when do we get the balance of our monies back?

i.e. I applied for £P amount of shares, I'd like back my £P - £749.10 please

Just had email from HL - money should be back in the account tomorrow morning.

[AtW]

It's bizarre that those who've asked for more than £10k will receive nothing - WTF, if they limited EVERYBODY to £750 then it's fair enough, really what kind of retarded IPO is that - if they got high demand then set final cut off sale price high enough to maximise money to the seller - the taxpayer!

[SueEllen]

It's bizarre that those who've asked for more than £10k will receive nothing - WTF, if they limited EVERYBODY to £750 then it's fair enough, really what kind of retarded IPO is that - if they got high demand then set final cut off sale price high enough to maximise money to the seller - the taxpayer!

They are following what happened in the 80s apparently.

[lilelvis2000]

I ordered less than £10k so will see how many I get tomorrow morning.

With my luck the price will fall through the floor. You'd want me to stay away from companies you have shares in...I buy share and price falls.

[mudskipper]

I ordered less than £10k so will see how many I get tomorrow morning.

With my luck the price will fall through the floor. You'd want me to stay away from companies you have shares in...I buy share and price falls.

You will get £749.10

"Anyone who applied for amounts of between £750 and £10,000 will receive 227 shares at a cost of £749.10. Anyone who applied for over £10,000 will receive no shares."