Royal Mail IPO: Small investors to get more shares

Investors who have applied for Royal Mail shares will get at least get the minimum allocation of £750, ministers hinted yesterday.

Analysts expect every investor who registers before tonight’s midnight deadline to make a profit of more than £250.

The news comes after the government’s announcement of offering nearly a third of the shares in Royal Mail to small investors.

Michael Fallon, the business minister, said: “We opened the offer up to the public so 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.”

Government officials and City advisers will discuss how many shares an applicant gets this week.

Conditional trading for Royal Mail shares begins on Friday with full trading starting next Tuesday.

Here’s where you can buy Royal Mail shares: www.gov.uk/royalmailshares.

• Follow us @LondonlovesBiz
• Try our free newsletter