Over 100,000 small investors rush for Royal Mail shares

More than 100,000 investors last night rushed to get their hands on Royal Mail shares.

Potential buyers will find out about allotment by the end of the week and trading begins on Friday.

Ten per cent of the shares went to postal workers and out of the 150,000 employees eligible to receive shares, only 368 turned it down.

Business Minister Michael Fallon said: “We opened the offer up to the public so that they could have a chance to own shares in Royal Mail and have indicated that around 30% of shares will go to them.

“No decisions have been taken on allocation but I’m committed to making sure smaller investors get their fair share.”