Shares in newly-privatised Royal Mail yesterday closed at 471.36p, up 42% on Friday’s flotation price.
The surge in price means that investors who got the maximum £749.10 allocation have already made a profit of £320 each.
Unconditional trading of Royal Mail shares begins today as the postal service completes its London Stock Exchange listing.
The government’s official website is expected to see a surge in traffic as investors rush to cash in on stocks. Last week, a surge in demand made servers at brokers Hargreaves Lansdown crash.
However, a government spokesman told City A.M. that the “government is happy with [its own] website’s capabilities”.
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