Royal Mail shares to trade above £4 on retail demand - reports

Anna Fedorova
clock

Soaring demand from retail investors for Royal Mail shares has pushed the estimated opening share value above £4.00.

No other stock since the floating of lastminute.com, more than a decade ago, has seen such strong demand from private buyers, according to experts quoted by the Telegraph. Spread betting business IG Index has said the rush for the shares has created a frenzy in the "grey market" ahead of the final deadline for application, which is tonight. Retail investors are said to be betting the stock will begin trading as high as £4.03, some 70p above the government's top guide price. The initial private offering was originally priced between £2.60 and £3.30, and later revised to a range betw...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment

Event Voice: Stepping out of cash into the Credit Sweet Spot

Event Voice: Stepping out of cash into the Credit Sweet Spot

Peter Marsland, Fixed Income Investment Specialist, from Aberdeen discusses the Short Dated Enhanced Income Fund at the June Fixed Income Market Focus.

Peter Marsland, Fixed Income Investment Specialist
clock 08 July 2025 • 4 min read
Investors undergo 'buyers' strike' in June sending order values to two year low

Investors undergo 'buyers' strike' in June sending order values to two year low

Middle East conflict did not deter investors

Eve Maddock-Jones
clock 08 July 2025 • 2 min read
The big questions around re-evaluating risk for the retail investment industry

The big questions around re-evaluating risk for the retail investment industry

Discussions at Global Investment Management Summit

Katrina Lloyd
clock 08 July 2025 • 8 min read
Trustpilot